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California's billionaire wealth tax heads toward voters A labor-backed California measure would levy a one-time 5% tax on billionaires' net worth, with most proceeds earmarked for health care. Opponents are organizing against it as the November ballot approaches. Source: The Christian Science Monitor csmonitor.com/USA/Politics/2026/0713/wealth-tax… (link to csmonitor.com)
Links: csmonitor.com