California Congressman Ro Khanna has reignited a familiar political controversy with a message to Silicon Valley billionaires that echoes one of Barack Obama’s most memorable campaign remarks.
And this time, the argument is unfolding as California prepares to vote on a sweeping tax proposal that has divided Democrats, alarmed technology investors, and put Governor Gavin Newsom at odds with members of his own party.
At the center of the controversy is Proposition 40, a ballot initiative that would impose a one-time 5 percent tax on the wealth of California billionaires.
