Attendees wear "Billionaire Tax Now" shirts during a campaign kickoff event for the California Billionaire Tax Act on February 18, 2026, in Los Angeles, California. | Tim Rue/Bloomberg via Getty Images If there is one thing Democratic politicians can agree on right now it’s this: Rich people should pay more in taxes. New York Mayor Zohran Mamdani has made it a centerpiece of his agenda. Texas Senate candidate James Talarico is bringing it up on the stump. And Georgia Sen. Jon Ossoff’s riff on the “Epstein class” of rich guys staffing the Trump administration is one of his signature ap...
California’s audacious plan to tax its billionaires
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