
1852: Jell-No!
California Wealth Tax Mechanics, Federal Health Care Cuts
The proposed California wealth tax would target approximately 200 individuals worth over $1 billion, exempting real estate and personal property like private jets. Supporters, including Bernie Sanders, argue the revenue is needed to cover federal cuts to health care. Critics point out that 40% of California's income tax already comes from the top 1%, making the state vulnerable if they relocate.

















