California Proposes 5% Billionaire Tax to Tackle Inequality

California is considering a bold new tax targeting the state's billionaires, proposing a 5% levy on their wealth. The plan, discussed on the show 'Filtered with TJ Walker,' aims to generate substantial revenue for public services and address growing income inequality. Critics warn it could drive wealthy individuals and businesses out of the state, potentially harming the economy. Supporters argue that such taxes are necessary to fund education, healthcare, and infrastructure. The proposal fuels a larger national debate on wealth taxation and its role in modern society.