""massive income and wealth inequality""
""we are still living in a democratic society where the people have some power.""
""Enough is enough,""
""The billionaire class cannot have it all. This nation belongs to all of us.""
California voters face a proposed one-time 5% tax on the assets of billionaires, covering stocks, art, businesses, collectibles and intellectual property, intended to replace federal funding cuts to health services for lower-income people. A large health care union is seeking a November ballot measure. The proposal has sparked Silicon Valley alarm, with tech leaders threatening to leave the state. Democratic Sen. Bernie Sanders campaigned in Los Angeles for the measure, citing concentrated power in a "billionaire class" and widespread financial strain among working-class Americans. Governor Gavin Newsom opposes the tax, warning of fiscal crisis and reduced competitiveness, creating intra-party tensions ahead of midterms.
Read at ABC30 Fresno
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