California's billionaires have spent $40 million fighting a 5% tax on their fortunes
California billionaires have put nearly $40 million into defeating a ballot measure taxing fortunes above $1 billion at 5%.
Wealth tax
South Africa rejects wealth tax in win for billionaires
South Africa's Finance Minister Enoch Godongwana has rejected a wealth tax, delivering a direct win to the country's billionaire class led by Johann Rupert and Patrice Motsepe.