California Democrats Want to Tax Billionaires. They Can’t Agree on How.

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

California’s absurd energy policy makes sure that its residents pay the highest gas prices and nearly the highest electricity prices in the nation. And it’s not oil companies that benefit most. It’s China. As soon as the Strait of Hormuz closed closed during the current war with Iran, gas prices raced toward $6 a gallo