The California Wealth Tax: A Dangerous Assault on Economic Freedom and Innovation
Democratic Rep. Ro Khanna is facing backlash from Silicon Valley allies after endorsing a proposed California billionaire wealth tax that would levy a one-time 5% tax on billionaires' assets, including unrealized gains. This dangerous proposal threatens to drive innovation and wealth creators out of the state while trampling on fundamental property rights and economic freedom that have made America prosperous.




