Some states are reviving a push to tax the rich

PROVIDENCE, R.I. (AP) — Advocates across the U.S. are hoping a growing unhappiness of wage and wealth inequalities that have increased coming out of the COVID-19 pandemic will help more states adopt policies involve the rich paying more in taxes. Chuck Collins, who inherited generational wealth by being the great-grandson of Oscar Mayer, has spent decades arguing that people like him should face higher taxes as wage and wealth inequality worsens. Perhaps nowhere is the tax the rich movement more ambitious than the one taking place in California. Advocates are working to get voters to approve a ballot initiative that would place a one-time 5% tax on those with a $1 billionaire net worth.