Are California voters about to impose world's first 'tax on billionaires'?

Image source, ReutersBySareen HabeshianReporting fromLos AngelesFew places on the planet have as many ultra-wealthy residents as California, a US state known for glamour, coastal mega-mansions and being home to many rich and famous.Now voters are about to decide if the mega-rich among them - names that include media mogul Oprah Winfrey, Meta head Mark Zuckerberg, Skims cofounder and reality television star Kim Kardashian and filmmaker George Lucas - should hand over billions of dollars to pay for improvements to healthcare.Proposition 40 is aimed at levying a one-time 5% tax on the net worth of all of California's billionaires.There are a little more than 200 such individuals in the state - but that hasn't stopped the measure from dividing leaders and causing some of its ultra-wealthy residents to flee. One billionaire businessman says he's brought jobs to California, but the proposition made him feel "a little bit like I wasn't wanted".But the vote is also offering regular everyday residents a voice on an issue that has riled politics for decades."I believe this is the first billionaire tax - meaning a wealth tax that is targeting a very extreme percentile of the wealth distributi...