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Nothing brings tech titans together like taxes.
This week, as the specter of a California “#billionaire #tax” ballot initiative gained momentum,
the moguls grew furious.
The outrage reached a fever pitch on X,
where the following scenarios were predicted, should the initiative be approved in Nov…

@newstik@social.heise.de
2025-11-06 08:11:51

In order to save money, Canada is abolishing it's #luxury tax that was levied on things like private jets and yachts. As it turns out, it cost more to administer the #tax than it raised.

@a_j_millar@fediscience.org
2025-11-21 09:34:58

RE: #Climate change mitigation is cheaper than #adaptation, but we need both 👇. It's rarely 'either/or' in this space, almost always 'both/and'. Which begs the question of how to pay.
After ending #fossilfuel subsidies (innovations like any UK #tax on airline fuel🤯) I come back to #CarbonCurrency as an idea that could work at the required, gigantic scale. HT Delton Chen, Kim Stanley Robinson etc.
#solarpunk #CarbonCoin

Rarely does the mere filing of a #ballot #initiative scramble politics in California.
But the "#Billionaires #Tax" proposal is s…