One of America’s largest unions backs massive California wealth tax as billionaires bolt

One of America’s largest unions has made a public declaration regarding California’s hotly-debated billionaire wealth tax.

Teamsters California and its 250,000 members have formally backed state legislation proposing a one-time 5% tax on the net worth of California residents worth more than $1 billion.

"The fight to pass the California Billionaire Tax is a fight to protect workers’ ability to afford living in California; it's a fight Teamsters California will continue to lead," Teamsters...