California could impose a billionaire tax. Here's how it would work.

A proposed billionaire wealth tax in California is sparking debate over whether the measure, if passed, would lead to more harm than good if ultrawealthy residents in the state flee…

Wealth inequality in America just hit its widest gap in 3 decades

Data from the Federal Reserve shows that the so-called K-shaped economy in America is alive and well, with low- and middle-income households falling further behind as the richest Americans pull away. The…

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