California proposes billionaire tax backed by Nobel economists

Progressive Nobel laureates back a California ballot measure targeting the ultra-wealthy.

Published 5j2 sources✓ ConfirmedImportantupdated 4j

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The November vote aims to curb billionaires' economic power.

This initiative could inspire similar policies in other states or countries.

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Auto-synthesis from 2 media sources · identified on September 19, 2026