Californians vote on nation’s first wealth tax on billionaires

This story was originally published by CalMatters. Sign up for their newsletters. California voters are deciding whether the state will levy a first-of-its-kind tax on billionaires.  If it passes, Proposition 40 would assess a one-time 5% tax on the net worth of the state’s roughly 200 billionaires, targeting their stocks, bonds, business holdings and other [ ] The post Californians vote on nation’s first wealth tax on billionaires appeared first on The Almanac.