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Why Even Some Democrats Hate California’s Billionaire Tax Proposal
April 29, 2026·27 minnarrativenews
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California’s proposed one-time 5% tax on billionaires’ net worth has qualified for the ballot, igniting a fierce debate over economic inequality, democratic power, and the political influence of the ultra-wealthy. Though popular with voters, the measure faces intense opposition from billi
California’s proposed one-time 5% tax on billionaires’ net worth has qualified for the ballot, igniting a fierce debate over economic inequality, democratic power, and the political influence of the ultra-wealthy. Though popular with voters, the measure faces intense opposition from billi
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Laurel Rosenhall
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