California’s Billionaire Tax Debate | San Jose News

California voters face a bold new choice this November: a one-time 5% tax on billionaires, designed to tap unrealized wealth in stocks and generate up to $100 billion for healthcare and other vital services. Supporters argue it’s long overdue to close the wealth gap and ensure the ultra-rich pay their fair share, while critics worry it could hurt business. But proponents say enough billionaires will stay to make it work — and the outcome could redefine how the state funds its future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/242c248d594d8e23