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ReportingFollow the Money

3 min readApril 28, 2026

Ray Dalio warns California billionaire tax could worsen inequality and debt

The public stakes are tied to how wealth tax can convert attention and institutional position into durable leverage, while the public absorbs the consequences.

Why it matters: The public stakes are tied to how wealth tax can convert attention and institutional position into durable leverage, while the public absorbs the consequences.

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