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“The comment comes just two weeks before voters in California will decide on a so-called “billionaire’s tax”, which would put a 5% tax on the state’s billionaires, that the wealthy have been spending millions fighting against.”

“California, whose resident billionaires possess a collective net worth hovering above $2tn, will see voters decide on a proposed one-time, 5% tax on billionaires’ wealth.”

“The prospective tax proposals come as Reform UK faces questions over the motivation of two crypto billionaires – Ben Delo and Christopher Harborne – who each donated £36m to the party within 24 hours last weekend.”

“At a time when we have the highest rate of childhood poverty of any major country on Earth and when one-third of our senior citizens are struggling economically, it is absurd that billionaires have an effective tax rate lower than truck drivers or nurses.”