Sanders kicks off California billionaire wealth tax push to fund healthcare
Sen. Bernie Sanders formally launched California's 'Billionaire Tax Now' campaign to place a one-time 5% wealth tax on billionaires and trusts on the November ballot to backfill federal healthcare cuts, linking the move to wealth inequality. The LA rally featured Tom Morello and labor voices, but the plan faces opposition from Gov. Newsom and business groups who warn it could drive away investment and wealthy residents; Sanders also aims to push a national version and engage tech leaders in California.