DeSantis Warns California Billionaire Tax Could Grow Fast

Ron DeSantis is warning Californians that the state’s proposed 5% tax on billionaires is a bait-and-switch that could grow well beyond its sales pitch. The measure has enough signatures to qualify for the November ballot, but even Gov. Gavin Newsom is trying to head off a costly fight. Backers call it a one-time tax, yet critics say once Sacramento gets the power to seize wealth, it rarely stops there. Read more about this...