CDT endorsed Assemblymembers Alex Lee, Lorena Gonzalez, and Luz Rivas, as well as Miguel Santiago, were joined by CFT President Jeff Freitas, Berkeley professor Emmanuel Saez, and entrepreneur, impact investor and CDT alum Joe Sanberg discussed a a plan that would tax extreme wealth in California. The extreme wealth tax would increase tax revenue, improve tax justice, and help reduce wealth concentration. The collective wealth of California billionaires has surged from $300 billion a decade ago to $706 billion in March 2019 to $960 billion in January 2021.You can watch the 30 minute press conference HERE. Attached is the press release along with coverage by CalMatters, Public News Service and Sac Bee.