ips-dc.org/what-are-billionaires-so-afraid-of-a-5-percent-tax-apparently

What Are Billionaires So Afraid Of? A 5 Percent Tax, Apparently

California voters are considering Proposition 40, a one-time 5 percent tax on the state’s billionaires. An analysis for Tax the Ultra Rich Now identified 22 California billionaires who gave substantial funds or opposed the measure; their combined wealth rose 64 percent in 20 months, and some donated millions to the No on 40 campaign.


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