California's proposed Wealth Tax?

 

 

 https://www.yahoo.com/news/california-democrats-consider-wealth-tax-010948671.html

California is proposing a Wealth Tax (1.5%) on its Billionaires class. This only applies to Public, Non-Classified, real Billionaires and above.   Over-taxation and Govt. Misspending is an issue especially when surplus income is spent instead of kept when needed.  Maybe CA needs a Wisdom Tax?  (Part of Education Funding)...

M7C 2023.