"Sanchez is volunteering to collect signatures to put a contentious billionaire tax on California's November ballot, sponsored by her union, SEIU United Healthcare Workers West. The proposal would impose a one-time 5% wealth tax on the state's 200-plus billionaires to cover lost federal funding for California hospitals and emergency services and to fund public education and food assistance programs."
"In at least 10 states, residents are organizing campaigns to tax wealth in order to fund schools, prisons and other social services. In March, Washington state passed its first-ever income tax that targets about 20,000 millionaire households."
"The interest in billionaire taxes is not only at the state level, but also in cities and counties and at the federal level, too. In March, Sen. Bernie Sanders and Rep. Ro Khanna introduced the Make Billionaires Pay Their Fair Share Act, an annual 5% wealth tax for billionaires."
Karen Sanchez is collecting signatures for a proposed 5% wealth tax on California's billionaires to fund public services and education. Many people express eagerness to support the initiative, questioning why the tax is only one-time and not higher. Similar campaigns are emerging in at least 10 states, with Washington state recently passing an income tax targeting millionaires. Interest in taxing the wealthy extends to federal proposals, including the Make Billionaires Pay Their Fair Share Act, which aims to address the influence of billionaires on public policy.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]