News Focus
News Focus
Followers 181
Posts 137511
Boards Moderated 8
Alias Born 07/02/2005

Re: Gmenfan post# 235894

Sunday, 11/23/2025 2:30:50 PM

Sunday, November 23, 2025 2:30:50 PM

Post# of 243595
California voters will decide in November 2026 whether to impose the nation's first significant wealth tax on the state's roughly 200 billionaires. Initiative 25-0024, backed by healthcare unions, would levy a one-time 5% tax on net worth exceeding $1 billion, potentially generating $100 billion for healthcare and education. Four tech titans alone—Mark Zuckerberg, Jensen Huang, Larry Page, and Sergey Brin—would collectively owe more than $40 billion under the measure, which represents an unprecedented attempt to fund social programs through extreme wealth redistribution.

California Union Unveils $100B Tax on Billionaires—200+ Residents Set for Historic Blow

more at link

https://www.msn.com/en-us/money/news/california-union-unveils-100b-tax-on-billionaires-200-residents-set-for-historic-blow/ar-AA1QZnDY?ocid=msedgntp&pc=HCTS&cvid=69234dd841874d00b294d106ef74dfc2&ei=23

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today