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AGGREGATED External reporting by France 24. This page summarizes the publisher's feed entry; the full article is on www.france24.com.

Californians vote on billionaire tax to replace federal cuts in healthcare funding

FRANCE 24 · FRANCE24 ·

Image accompanying: Californians vote on billionaire tax to replace federal cuts in healthcare funding
Image: France 24

California could become the first US state to tax the net worth of billionaires Tuesday under a ballot measure that has divided liberal leaders nationally and triggered one of the most expensive ballot fights in state history as the ultra-rich scramble to figure out whether they would pay the tax or flee. Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth…

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