Reposted by Naomi Fein
Californians will vote on whether to impose a one-time, five-per-cent wealth tax on billionaires. “If it passes, it will be a revolution,” an economist at the University of California, Berkeley, said. www.newyorker.com/magazine/202...
newyorker.com
The Battle to Pass a Billionaire Tax
Most Democratic voters say that they favor a wealth tax, but a California ballot initiative has plenty of liberal opponents.