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Billionaires Don’t Like the Wealth Tax. Here’s What Some Propose Instead.

· wsj.com · popularity 28/100 · 0 similar stories today · Taxes & Accounting (Money, Markets & Investing)

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Summary

What several prominent billionaires think could help fix the tax system. Billionaires across the political spectrum have come out in opposition to Prop. 40. They argue the tax will cause the ultrawealthy and entrepreneurs to flee the state, eroding California’s long-term income-tax base and the …

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