Few 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 the rich and famous.
Now voters are about to decide whether the mega-rich among them – including 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.
