Wealth tax criticized by billionaires and Gavin Newsom would levy a one-time 5% tax on residents worth over $1bn
  • nullspace@lemmy.worldEnglish
    31·
    3 days ago

    taxing inheritence and transfer of assets

    Wouldn’t happen in CA. As blue as they seem, prop 13 makes them basically a feudal society with actual landed gentry. I’m not making that up.