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flag Los Angeles reaffirms its mansion tax to tackle inequality and boost revenue, sparking debate over housing and investment.

flag Los Angeles has reaffirmed its commitment to the "mansion tax," a policy aimed at high-value property owners, sparking debate over its impact on housing affordability and city revenue. flag The move reflects ongoing efforts to address wealth inequality and fund public services, though critics argue it may deter investment and push development elsewhere. flag The tax’s expansion underscores the city’s prioritization of progressive fiscal policies amid rising housing costs and economic disparities.

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