Calif.’s richest residents, like Mark Zuckerberg, could be slapped with a 5% ‘Billionaire Tax’ if unions get their way
NegativeU.S News

California's wealthiest individuals, including tech mogul Mark Zuckerberg, may face a significant financial burden if a proposed 5% 'Billionaire Tax' is approved for the ballot next year. This potential tax aims to address income inequality and fund public services, but it has sparked controversy among the state's affluent residents who argue it could drive them away and stifle economic growth. The outcome of this proposal could have lasting implications for California's economy and its wealth distribution.
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