A ‘Billionaire Tax’ Will Only Worsen the Golden State’s Health System
A group of unions in California has proposed a new plan for paying for healthcare — soak the rich. That’s the idea behind the Billionaire Tax Act, a 2026 ballot initiative that would impose a 5% tax on the state’s billionaires in order to raise money for healthcare programs and providers.
It’s a tragically short-sighted idea.
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