@sacramentobee: California voters are about to decide the fate of Proposition 40, which would create a one-time, 5% tax on Californians whose net worth exceeds $1 billion. Backers say it’s needed to backfill federal healthcare cuts, while critics warn it could drive the ultra-wealthy out of the state. ⠀ Here’s what you need to know about the issue. ⠀ To read the full story, click the link. ⠀ 📷: Ben Paviour ⠀ #prop40 #election #california #voting #news #midtermelection

The Sacramento Bee
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Region: US
Monday 02 November 2026 13:00:12 GMT
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lapassion20
Ben Dover :
The healthcare industry is a 6 trillion dollar per year industry. But only 1 trillion goes to medical staff 😂😂😂 Maybe we should start there. I believe doctors deserve 750k per year. Nurses deserve 250k per year. We want the staff paid well, our life’s depend on it. That 1 trillion to pay them? That’s fine. Where’s that other 5 trillion going? Maybe make it illegal for medical companies to be publicly traded. Gotta stop the hemorrhaging first. Otherwise no tax will solve the deficit. All billionaires in the US have a combined net worth of 6 trillion. US govt budget is 6 trillion. Annual healthcare industry 6 trillion. How are we going to tax billionaires and solve these issues? Arithmetic doesn’t add up.
2026-11-02 13:16:15
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goldmiserj
goldmiserj :
"One time tax". Yeah right, we've heard that before. I'll only put the head of it in....
2026-11-02 13:19:50
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