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California's Proposition 40: A tax on billionaires

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About California's Proposition 40: A tax on billionaires

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California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. Correspondent Jo Ling Kent examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it. "CBS News Sunday Morning" features stories on the arts, music, nature, entertainment, sports, history, science and Americana, and highlights unique human accomplishments and achievements. Check local listings for "CBS News Sunday Morning" broadcast times. Subscribe to the "CBS News Sunday Morning" YouTube channel: https://youtube.com/CBSSundayMorning Get more of "CBS News Sunday Morning": https://cbsnews.com/sunday-morning/ Follow "CBS News Sunday Morning" on Instagram: https://instagram.com/cbssundaymorning/ Like "CBS News Sunday Morning" on Facebook: https://facebook.com/CBSSundayMorning Follow "CBS News Sunday Morning" on Twitter: https://twitter.com/CBSSunday Subscribe to our newsletter: https://cbsnews.com/newsletters/ Download the CBS News app: https://www.cbsnews.com/mobile/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: [email protected]

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