🦋bluesky first seen 1 d ago, last 2 h ago, peak #16
California weighs tax on billionaires' wealth
Original: California weighs billionaire wealth tax
California lawmakers are considering a tax on the wealth of the state's billionaires rather than just their income. The proposal would target the ultra-rich holding vast untaxed assets, and has sparked debate over whether it would raise significant revenue for state services or drive wealthy residents to leave. Supporters frame it as making the richest pay their share; critics warn of capital flight.
Why now: The proposal is advancing in California's legislature, prompting fresh debate over taxing extreme wealth.
Rank over time, top of the chart is #1. 7 snapshots from 14 h ago to 2 h ago.
API: https://socialmediatrends-api.osmike.com/v1/trends/3595645