Wealth Gap Sparks Controversy Over Proposed California Billionaire Tax

January 19, 2026
1 min read

California’s proposed Billionaire Tax Act would levy a one-time 5% tax on net worth above $1 billion, fueling backlash, fairness debates, and exit threats.

The post Wealth Gap Sparks Controversy Over Proposed California Billionaire Tax appeared first on TechRepublic.

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