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- 1Nobel laureates say California billionaire tax could spread globally●California’s billionaire tax will ‘kickstart a movement’ that spreads to more states, the federal government and other countries, Nobel laureates say
California's proposed tax on billionaires is drawing attention from Nobel laureates, who argue it could trigger a broader movement across other US states, the federal government and other countries. Supporters point to the explosive growth of the state's billionaire class in recent decades, which has made California one of the most unequal places in America. Critics and supporters alike are watching to see whether the measure becomes a template for wealth taxation elsewhere.