The poorest billionaire in California will make about $300 million this year. If we pass the CA wealth tax, he will only make $235 million. In exchange, millions of the poorest Californians will get health insurance. That’s the tradeoff billionaires are not willing to make.
They’re investing in stupid like a stock.
And it’s paying dividends, unfortunately
Nobody ever went broke betting on the stupidity of the American public.