Some economists say the money that the federal government would make off this tax would decrease the deficit or could be spent to provide other services. Enacting the tax could change the way billionaires invest and narrow wealth inequality, economists say.

  Increased taxes on the wealthiest individuals could lift people out of poverty, address the climate crisis, fund childcare, and create well-paying jobs Why would it be good to tax the rich?

Billionaire fortunes are increasing by $2.7 billion a day even as at least 1.7 billion workers now live in countries where inflation is outpacing wages. A tax of up to 5 percent on the world's multi-millionaires and billionaires could raise $1.7 trillion a year, enough to lift 2 billion people out of poverty.

Instead of using fossil fuels to power our homes, we can improvise and use solar power, wind, and hydro power.

In 2016, Californians passed Proposition 63, which requires background checks for purchasing ammunition and prohibits possession of large capacity magazines. A red flag law also went into effect that year, which prevents certain people from obtaining firearms. The state employs a licensing system for gun and ammunition purchases, and bans the sale of most handguns that don't have a magazine safety or loaded-chamber indicator. It also requires safe storage of guns, and some cities require liability insurance for gun sellers.