this post was submitted on 28 Dec 2025

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United States | News & Politics

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California Might Tax Billionaires. Cue the Inevitable Tech Billionaire Tantrum (gizmodo.com)

submitted 1 day ago by BrikoX@lemmy.zip to c/usa@midwest.social

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They say they're going to do something that rhymes with "grieve."

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[–] ExtremeDullard@piefed.social 10 points 1 day ago

The political instrument involved here is not a technocratic and nuanced change to the tax code that happens to tax billionaires, but instead a one-off, 5% billionaire tax.

How about making it a yearly tax?