Bill Ackman slams California's wealth tax as property expropriation
Bill Ackman slams California's wealth tax as property expropriation
- California proposed a 5% wealth tax targeting residents with assets over $1 billion.
- Critics, including Bill Ackman, argue that such taxes could lead to an exodus of billionaires from the state.
- Consequently, the Washington Post urges voters to reject these tax proposals due to potential negative economic impacts.
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