The Christian Science Monitor:California’s new strategy to fight homelessness: a ‘millionaires tax’

Faced with an unprecedented 47,000 homeless people in need of shelter and services, Los Angeles is proposing a solution with a more populist bent: imposing a tax on the city’s millionaires.

Under a proposal introduced by the Los Angeles County Board of Supervisors, people with an annual income of more than $1 million would be required to pay a 1 percent surcharge on their earnings.

Read more here

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