sourcery(@sourceryy):California votes on Prop 40, a one-time 5% tax on billionaires, in 12 days. Brian Singerman says the tax is going to impact the middle class "way more" than billionaires who can just move: "People look at this and they're like, 'It's a billionaire tax. That doesn't matter to me.'" "First of all, even in the California one, there are provisions for once all the billionaires leave, 'Oh, well we need to get the money somehow. Let's take the next lower down.'"

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sourcery@sourceryy

2026.10.22 17:32

California votes on Prop 40, a one-time 5% tax on billionaires, in 12 days. Brian Singerman says the tax is going to impact the middle class "way more" than billionaires who can just move: "People look at this and they're like, 'It's a billionaire tax. That doesn't matter to me.'" "First of all, even in the California one, there are provisions for once all the billionaires leave, 'Oh, well we need to get the money somehow. Let's take the next lower down.'"