Silas Redmond

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A 2026 showdown looms over California’s billionaire tax plan

California is preparing for a 2026 ballot fight that could redefine how the state treats extreme wealth, pitting a one-time 5% levy on billionaires against fears of capital flight and economic fallout. The proposal, framed as a way to stabilize public services without touching middle-class taxpayers, has already drawn sharp lines between unions, ultra-high-net-worth residents,…

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