Internet Voices
California's "Billionaire Tax" Heads to November Ballot—Met with Resistance from Silicon Valley Tycoons
California's "Billionaire Tax" proposal has gathered enough signatures for a November ballot. The initiative seeks a one-time 5% tax on residents with a net worth exceeding $1 billion. While unions advocate using the funds for healthcare and education, tech moguls like Google's co-founders strongly oppose the measure.
