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    Another effort to tax 'extreme wealth' in California is launched in Legislature

    by Mackenzie Mays, Los Angeles Times Feb 19, 2022 3 minutes

    SACRAMENTO, Calif. — A handful of Democrats in the state Legislature are pushing again for a tax on "extreme wealth" in California, a move they say could bring the state billions in revenue by raising taxes on households worth $50 million.

    But if last year is any indication, the legislation faces an uphill battle.

    The new bill by Assemblymember Alex Lee (D-San Jose) reintroduces a proposed tax hike for the state's richest

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