Episode Details

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.

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