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.
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The Coalition for Homeless Individuals 
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