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California’s Landmark Wealth Tax May Be Running Out of Steam

California’s Billionaire Tax ballot initiative led in early polls, but opposition from Gavin Newsom and Xavier Becerra, along with heavy ad spending against it, is taking a toll. It’s a tough situation for Newsom.

Sources (1)· Sep 18, 5:18 PM

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New York Magazine· Sep 18, 5:18 PMCalifornia’s Landmark Wealth Tax May Be Running Out of Steam

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California’s billionaire tax will ‘kickstart a movement’ that spreads to more states, the federal government and other countries, Nobel laureates say"The explosive growth of the state’s billionaires over the past few decades has made it one of the most unequal places in America."

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