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“Dinging California’s billionaires with a wealth tax feels pretty good to almost everyone.”

“The extraordinary battle turned California into a national testing ground for a wealth tax long championed by progressives across the U.S. and its success could potentially see a rollout elsewhere.”

“… protesters in New York last year But such is the ferocious backlash against the ultra-wealthy, especially those in tech, from Americans struggling to pay basic bills, that Californians are now on the verge of pushing through the world's first tax on…”

“The comment comes just two weeks before voters in California will decide on a so-called “billionaire’s tax”, which would put a 5% tax on the state’s billionaires, that the wealthy have been spending millions fighting against.”