California ‘billionaire tax’ makes ballot despite opposition from tech moguls

Wealth tax criticized by billionaires and Gavin Newsom would levy a one-time 5% tax on residents worth over $1bn A controversial proposal in California to impose a wealth tax on billionaires has gained enough signatures to qualify for the ballot in November, state officials…

To respect copyright, we link to the source rather than republishing the full text. Read the complete article on The Guardian.