
1824: Battle Rhythm
Global Wealth Inequality, California Billionaire Tax
The World Inequality Report indicates that the top 0.001% of the population holds three times more wealth than the bottom 50%. In response, California has proposed a "Billionaire Tax Act," a one-time 5% tax on the net worth of the state's 200 billionaires to fund healthcare and education. The discussion covers the challenges of taxing unrealized gains and the potential for wealthy residents to flee the state.











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