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California voters will decide on Proposition 40, which proposes a one-time 5 percent wealth tax on billionaires. Wealthy residents are opposing the measure, and experts note the potential economic impact is complex.
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California voters will decide on Proposition 40, which proposes a one-time 5 percent wealth tax on billionaires. Wealthy residents are opposing the measure, and experts note the potential economic impact is complex.
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Billionaire tax divides California Democrats, draws myriad questions
California to Vote on Wealth Tax for Billionaires Amid Divisions