California voters reject billionaire tax designed by French-American economists
The one-time 5% tax on billionaires, which was put to a referendum on November 3, was rejected according to the Associated Press. Following the Democratic victory in the midterm elections, the debate over taxing big fortunes is nevertheless expected to return to the forefront.
<p>The one-time 5% tax on billionaires, which was put to a referendum on November 3, was rejected according to the Associated Press. Following the Democratic victory in the midterm elections, the debate over taxing big fortunes is nevertheless expected to return to the forefront.</p>