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California Ballot Initiative

A collection of 1 post
California proposal would levy one-time 5% tax on billionaires' wealth — Static01.nyt.com
Politics

California proposal would levy one-time 5% tax on billionaires' wealth

A proposed California ballot initiative backed by a health care worker union would impose a one-time 5 percent tax on any resident worth more than $1 billion, participants in a New York Times Opinion roundtable said. The measure has split Democrats: Gov. Gavin Newsom opposes it, while Representative Ro Khanna
24 Jan 2026 1 min read
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