California’s billionaire tax faces a precarious road from rich opposition
- San Francisco, United States – University of California at Berkeley economics professor Brian Galle recently found a flyer in his mailbox about the proposed billionaire tax he helped write.
- But as he read it, Galle found things he hadn’t written, including that the tax can be on anyone and even on their retirement savings.
- Californians have been getting such flyers and watching similar ads as they prepare to vote in the November 3 election on whether to impose the one-time tax of 5 percent on the assets of the state’s billionaires.
Unverified
- San Francisco, United States – University of California at Berkeley economics professor Brian Galle recently found a flyer in his mailbox about the proposed billionaire tax he helped write.
- But as he read it, Galle found things he hadn’t written, including that the tax can be on anyone and even on their retirement savings.
- Californians have been getting such flyers and watching similar ads as they prepare to vote in the November 3 election on whether to impose the one-time tax of 5 percent on the assets of the state’s billionaires.
Sources: Al Jazeera