Democratic candidate for governor Xavier Becerra reiterated his opposition Friday to a proposed wealth tax on billionaires… Becerra didn’t give a reason for his opposition to Prop. 40, the proposed one-time 5% wealth tax on California billionaires; he told Politico in January it was “sketchy policy” without elaborating on why. https://www.sacbee.com/news/politics-government/capitol-alert/article316728139.html“Governor Newsom, Democratic Candidate for Governor Xavier Becerra, the California Teachers Association, California Professional Firefighters, Planned Parenthood Affiliates of California, and so many others are standing together against Prop. 40 because it’s bad for our budget, bad for our economy, and bad for our future. – No on Prop 40 campaignI’ve been thinking about this fall’s “wealth tax” initiative, over which my fellow progressives swoon, through my lens as someone with a great deal of respect for Xavier Becerra (which has earned me tremendous disdain from activists.)