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California ‘billionaire tax’ makes ballot despite opposition from tech moguls
(www.theguardian.com)
this post was submitted on 20 Jun 2026
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It's a good start.
You still have that population who believe they'll become millionaires some day if they work hard so 5% is small enough that they might actually vote in favor
This only impacts people with a net worth of at least 1 billion USD.
Id guess those same ppl think they could possibly become a billionaire too. If youre going to be delusional you might as well cross the line into stupidity
I have a family member that lives in LA county. They've unfortunately fallen hard into conservative talking points, and they're fully convinced that if it passes the legislators will change it after the fact to tax everyone in the state.