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California’s Billionaire Tax Is Backfiring Before It Begins

Source: The Daily Economy
by Mohamed Moutii

“California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.” (07/17/26)

https://thedailyeconomy.org/article/californias-billionaire-tax-is-backfiring-before-it-begins/

July 19, 2026July 19, 2026 Thomas L. Knapp
Opinion
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