The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax.

  • mikenurre@lemmy.world
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    5 days ago

    A one-time, 5% tax is stupid. That money will be gone like a tax return at Best Buy. It should be a yearly 1.5-2% tax.