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Yhn HealthHealth first seen 5 h ago, last 20 min ago, peak #12

Billionaires shatter spending record to fight California wealth tax

Billionaires in California have broken spending records in a campaign to block a proposed state wealth tax. Reports say the opponents of the measure have poured unprecedented sums into fighting it, making it one of the most expensive ballot battles in the state's history and intensifying debate over taxing extreme wealth.

Why now: The record-breaking scale of billionaire spending against the tax has reignited debate over wealth inequality and money in politics.

Californiabillionaireswealth tax

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