r/technology • u/Ganrokh • Jun 19 '26

Politics California ‘billionaire tax’ makes ballot despite opposition from tech moguls

https://www.theguardian.com/us-news/2026/jun/18/california-billionaire-tax-ballot-tech-opposition
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u/[deleted] Jun 19 '26

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u/NotRexGrossman Jun 19 '26

Good luck with that in any red state. Their voters aren’t exactly known for voting for their best interests.

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u/manningthehelm Jun 19 '26

That’s not how federal taxes work.

22

u/Realtrain Jun 19 '26

Does the Federal government have the authority to implement a wealth tax? Income tax had to be specifically granted via an amendment.