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News 2026-09-20 10:02 UTC

Billionaires abound in California. Why not tax their wealth?

Ballot measure would slap 5% wealth tax on estimated 200 to 250 billionaires Economists debate how much it would add to state's tax revenues California known for its citizen initiatives, but only one in three pass By Daniel Trotta and Ann Saphir Sept 20 (Reuters) — No state may be a more natural fit for a tax on billio