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California's 2026 billionaire tax would levy 5% on top 200 billionaires’ net worth to fund public services, sparking debate over fairness and feasibility.
California’s proposed 2026 Billionaire Tax Act would impose a one-time 5% levy on the net worth of about 200 billionaires, aiming to reduce wealth inequality and generate revenue for public services.
Similar wealth tax discussions are underway in France and the UK.
While supporters highlight potential benefits for healthcare and infrastructure, critics question the accuracy of valuing complex assets like art and sports teams, and worry about economic impacts.
The debate centers on balancing fairness, revenue, and practical implementation.
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El impuesto a los multimillonarios de 2026 de California recaudaría un 5% sobre el patrimonio neto de los 200 multimillonarios más ricos para financiar servicios públicos, lo que provocaría un debate sobre la equidad y la viabilidad.