California’s billionaire tax faces a precarious road from rich opposition

San Francisco, United States – University of California at Berkeley economics professor Brian Galle recently found a flyer in his mailbox about the proposed billionaire tax he helped write. But as he read it, Galle found things he hadn’t written, including that the tax can be on anyone and even on their retirement savings.Californians have been getting such flyers and watching similar ads as they prepare to vote in the November 3 election on whether to impose the one-time tax of 5 percent on the assets of the state’s billionaires.Recommended Stories list of 4 itemslist 1 of 4Trump ordered to testify in $10bn BBC lawsuit discovery: What happens now?list 2 of 4Dembele to miss Ballon d’Or event as PSG game moved amid protests in Francelist 3 of 4‘Foreign policy is the economy’: How Iran war is shaping US midterm votelist 4 of 4Trump administration sues to block possible Democratic win in Alaskaend of listSpending by the billionaires to oppose the tax has made this the most expensive ballot measure ever and among the most expensive campaigns of this midterm, says David McCuan, professor of political science at Sonoma State University, who tracks state and local elections.California’s c...