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Simple solution to California’s anticipated $54 billion budget deficit

MAY 15, 2020 | by Rick Baum | COUNTERPUNCH

By Rick Baum, includes “The California Department of Finance recently projected that the state is facing a $54 billion deficit. There is hope for a bailout from the federal government. … A 50% tax on the wealth of just Larry Ellison, Mark Zuckerberg and Elon Musk would solve the deficit with tens of billions remaining. … An emergency wealth tax of 50% on these three individuals alone would come to $86.2 billion.” 

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