California Is Chasing Wealth That Has Feet
- The Center for Land Economics full report can be found here; our op-ed on the same argument ran in the San Francisco Chronicle yesterday.
- Last week California certified a Billionaire Wealth Tax for the November ballot: a 5 percent one-time levy on the state’s billionaires, paid out over five years, to raise about $20 billion a year for health care, food aid, and schools after federal cuts.
- The state has a revenue hole, and billionaires can afford to help fill it.
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- The Center for Land Economics full report can be found here; our op-ed on the same argument ran in the San Francisco Chronicle yesterday.
- Last week California certified a Billionaire Wealth Tax for the November ballot: a 5 percent one-time levy on the state’s billionaires, paid out over five years, to raise about $20 billion a year for health care, food aid, and schools after federal cuts.
- The state has a revenue hole, and billionaires can afford to help fill it.
Sources: Landeconomics