The poorest billionaire in California will make about $300 million this year. If we pass the CA wealth tax, he will only make $235 million. In exchange, millions of the poorest Californians will get health insurance. That's the tradeoff billionaires are not willing to make.

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[–] 1 point 1 month ago (1 child)

Reduced to $65 million, but your point still stands. $65m is still an extravagant amount of income.

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