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Why Even Some Democrats Hate California’s Billionaire Tax Proposal

Why Even Some Democrats Hate California’s Billionaire Tax Proposal

The Daily vor 4 Monaten

The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion.

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A landmark proposal for a one-time tax on billionaires in
California recently reached a milestone. The labor union backing
it said it had collected enough signatures to put the measure on
the state’s ballot.

Laurel Rosenhall, who covers California politics for The New York
Times, explains how the state arrived at this moment and what it
might mean nationwide.

Guest: There are enough signatures to place the California
billionaire tax proposal on the state ballot in November, its
backers say.

Background reading:

There are enough signatures to place the California
billionaire tax proposal on the state ballot in November, its
backers say.

Photo: Jae C. Hong/Associated Press

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episode will be made available by the next workday.

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