California officials are proposing a new wealth tax that could apply a 5% levy on personal and business assets, including homes, stocks, and retirement accounts. While framed as a tax on the ultra-wealthy, experts warn it could impact middle-class families with significant assets. The proposal has sparked debate over its potential economic consequences and fairness. Join this channel to get access to OAN Live & perks: https://www.youtube.com/channel/UCNbIDJNNgaRrXOD7VllIMRQ/join Visit us On OAN Live : https://live.oann.com/home.ktv Website: https://www.oann.com Facebook: https://www.facebook.com/OneAmericaNewsNetwork Twitter: https://twitter.com/OANN Instagram: https://www.instagram.com/one_america_news_ KlowdTV: Watch OAN Live on KlowdTV subscription prices start at $2.99 /mo https://klowdtv.com