California Assemblymember alex_lee has proposed AB 259, a bill that would implement a wealth tax of 1-1.5% on residents with net worths exceeding $50 million. The bill, projected to raise $20 billion annually, aims to address wealth inequality and support state services. Despite its potential, the bill has been stalled in committee. Despite the setback, he remains committed to equitable taxation and protecting working-class families. What are your thoughts on this approach to taxation? ⬇️ #WealthTax #CaliforniaPolitics