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36 California 'Billionaire Tax' Makes Ballot Despite Opposition From Tech Moguls

Slashdot
BeauHD @ Slashdot 2 place · today 18:00 EDT

California 'Billionaire Tax' Makes Ballot Despite Opposition From Tech Moguls

California's proposed "billionaire tax" has gathered enough signatures to qualify for the November ballot, setting up a major fight between labor unions and some of Silicon Valley's richest figures. From the report: The California Billionaire Tax Act, colloquially known as the billionaire tax, would levy a one-time 5% tax on any California resident worth more than $1bn. The proposal is backed by the Service Employees International Union-United Healthcare Workers West as a means of funding California's strai

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