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Tag: billionaires

US Politics

California's Billionaire Tax Initiative: A Democratic Fight for Survival

Labor and health care groups are collecting signatures to place a one-time 5% wealth tax on California's approximately 200 billionaires on the 2026 ballot, aiming to generate $100 billion for healthcare and education. This bold move represents a courageous stand against systemic inequality and a powerful defense of essential public services that millions of vulnerable Californians depend upon.