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Just billionaire things@lemmy.ca · 2 months ago

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth

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California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth

VetOfTheSeas@discuss.online to

Just billionaire things@lemmy.ca · 2 months ago

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California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth | Fortune

Billionaires have amassed a nine-figure war chest to defeat Proposition 40 as polls show California voters are nearly split on the one-time tax.

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2 months ago
Wow, sure sounds like they have extra money lying around that they wouldn’t miss if it were taxed.

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