California Voters Will Decide on Landmark Billionaire Tax Initiative in November

California voters are set to decide in November on a landmark ballot initiative that would levy a one-time 5% tax on the state's richest residents. This measure represents the culmination of a growing anti-billionaire movement that has taken hold in the Golden State and could serve as a model for other states. The outcome will have significant implications for state revenue, economic policy, and the broader national debate on wealth redistribution.