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Billionaire tax: how a union leader’s ‘crazy’ idea became the defining issue of California’s midterms.

Guardian TechnologyAnalysis or commentary·
AI brief

Californians will vote on a one-time 5% billionaire tax, a proposal that began as a union leader's idea and is now a defining issue in the state's midterms, with the state's super rich opposing it.

Written by AI from Guardian Technology's published text.

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“It was an ambitious notion – now Californians will vote on a one-time 5% billionaire tax, and state’s super rich have pulled out all the stops in opposition One year ago, the idea of a billionaire tax in California was still in its infancy.”
Guardian Technology, 30 Oct 2026, 15:00.

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