Yhn HealthHealth first seen 8 h ago, last 13 min ago, peak #12
Billionaires shatter spending record to fight California wealth tax
Wealthy donors have poured record-breaking sums of money into campaigning against a proposed wealth tax in California. The spending, described as unprecedented for a state ballot fight, is aimed at blocking a measure that would impose new taxes on the ultra-rich. The scale of the outlay has drawn attention to how aggressively billionaires are willing to defend their fortunes against tax policy.
Why now: Record campaign spending by billionaires against a wealth tax taps into ongoing debates over taxing extreme wealth.
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