Billionaires’ tax could hit executives from Google, Facebook, other big California magnates – By David Lightman (Sac Bee) / Oct 26 2021
The Golden State’s golden list of big name rich people from familiar companies such as Facebook and Google could feel a sharp sting from a new tax on billionaires.
Washington Democrats are seriously considering such a tax to help fund a host of social programs and climate change initiatives.
According to Forbes, that could mean 189 Californians who qualified as billionaires as of March would feel the government’s pain. The state leads the nation in total billionaires, according to Forbes, which said they’re collectively worth $1.04 trillion. New York is second with 126 billionaires.
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