California’s billionaires are freaking out. Like most obscenely wealthy Americans in the Trump era, plutocrats are bloated with paper wealth, fortified by legions of accountants, and have a moral philosophy that rarely extends beyond their reflection. They hold an illusion their fortunes are entirely their own. But, more than 1.5 million CA voters have a different view and signed a petition for a ballot initiative that would impose a billionaire tax.
The CA proposal is simple: If voters approve the initiative this November, the state will impose a a one-time levy of roughly 5% on the swollen fortunes of those whose wealth has passed the billion-dollar mark. The proceeds will be directed towards health care, food assistance, and the assorted necessities of a functioning civilization.
Go to Blue Amp Media to find out why this tax makes simple sense, and not as revenge.
