High Alert
Fortune

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worthWorldPing

Billionaires have amassed a nine-figure war chest to defeat Proposition 40 as polls show California voters are nearly split on the one-time tax.

This is a short WorldPing brief. The full report was published by Fortune.

Read the full report at Fortune

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Brief by WorldPing · Original reporting by The Guardian