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Two economists studied California's billionaire tax. They reached wildly different conclusions
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Summary
Your support helps make our show possible and unlocks access to our sponsor-free feed. An attendee holds a sign before the start of a rally led by US Senator Bernie Sanders, Independent of Vermont, during the campaign kickoff for the California Billionaire Tax Act at The Wiltern in Los Angeles, February 18, 2026. Sanders is seeking the support of California voters for a November's ballot initiative of an emergency tax on billionaires to help the state's healthcare system.
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