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Health / General

Will Billionaires Really Flee a California Wealth Tax?

Source: bloombergMarkets June 9, 2026 · 13:00
California is considering a one-time, 5% tax on billionaires to fund healthcare shortfalls tied to major federal cuts. Opponents say it will prompt the uber-rich to leave, while supporters argue states can't afford not to tax wealth that's grown far faster than ordinary incomes. (Source: Bloomberg)
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