A new initiative aimed at implementing a wealth tax in California will bypass the state legislature and be presented directly to voters. The architect of the initiative stated that there was no feasible way to pass the tax through legislative channels, leading to what is expected to be a costly political battle.
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California Wealth Tax Initiative Moves to Voter Decision
A proposed wealth tax initiative in California will be taken to voters after its architect determined that it could not pass through the legislature. This move is anticipated to lead to an expensive political campaign.
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Can California Actually Make Billionaires Pay?
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California Wealth Tax Initiative Moves to Voter Decision