Billionaire tax proposal roils Bay Area havens, divides politicians
A proposed one-time 5% wealth tax on California billionaires is sharply dividing Silicon Valley, prompting heated backlash and political conflict over funding state healthcare.
In San Francisco, Newsom rails again proposed billionaire tax, vows to protect homeless Californians
California seeks to protect wealthy business leaders and unhoused residents while opposing a proposed 5% one-time wealth tax on billionaires to raise $100 billion.