
California's Billionaire Tax Heads to November Ballot Amidst Fierce Opposition
California's proposed billionaire tax, a one-time 5% levy on residents worth over $1bn, is certified for the November ballot despite Governor Newsom's opposition. Backed by SEIU-UHW for social programs, it faces strong opposition from tech billionaires and some unions, who argue it's short-sighted and could drive wealth out of the state.


