California Democrats go full socialist in endorsing billionaire tax

The California Democratic Party has endorsed Proposition 40, the proposed billionaire wealth tax. The most interesting part of that decision, however, was not who supported it but who opposed it.

Leaders of the state Democratic Party endorsed the ballot measure slated for November, but the party remains far from united on the issue as Democrats nationwide grapple with a growing wealth gap.

California Democrats voted over the weekend to endorse a ballot measure that would impose a one-time wealth tax on the state’s billionaires, giving a boost to the proposal just three months before voters decide its fate. The measure would levy a one-time 5% tax on the wealth of California residents who were billionaire