California wealth tax proposal deserves a hard pass
California voters face a fateful choice this November. A ballot initiative, styled as a constitutional amendment, would impose a “one-time” 5% tax on the worldwide wealth of billionaires residing in the state as of Jan. It treats California’s most successful investors and job creators as adversaries rather than partners in prosperity.
- ▪California voters face a fateful choice this November.
- ▪A ballot initiative, styled as a constitutional amendment, would impose a “one-time” 5% tax on the worldwide wealth of billionaires residing in the state as of Jan.
- ▪It treats California’s most successful investors and job creators as adversaries rather than partners in prosperity.
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California voters face a fateful choice this November. A ballot initiative, styled as a constitutional amendment, would impose a “one-time” 5% tax on the worldwide wealth of billionaires residing in the state as of Jan. 1, 2026. Recommended Stories Virginia tops charts for job losses despite reputation as good for business DHS extends work permits for TPS recipients from Haiti and six countries Trump Accounts officially launch one year after being signed into law The proceeds are intended to subsidize health insurance and food stamps for the poor.
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