Colorado joins California, Washington in push to tax 'megarich'

Colorado has joined California and Washington in a coordinated initiative to impose a wealth tax on billionaires, with California voters considering a one-time 5% levy on billionaire wealth. The move signals a multi-state progressive tax push, though passage and implementation remain uncertain. If enacted, it could set a precedent for other states and affect high-net-worth individuals' relocation decisions.

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