A vote proposed by a U.S. healthcare union suggests a one-time 5% net worth tax on California's wealthiest residents, applying to those with a net worth exceeding $1 billion. This means the tax would cover assets such as stocks, artwork, and intellec

2025-11-14

A vote proposed by a U.S. healthcare union suggests a one-time 5% net worth tax on California's wealthiest residents, applying to those with a net worth exceeding $1 billion. This means the tax would cover assets such as stocks, artwork, and intellectual property, not just income.