Economists Gabriel Zucman and Emmanuel Saez, the two 'Frenchies' campaigning to tax the fortunes of California's billionaires

Why this matters: an international story with cross-border implications worth tracking.

California's 250 billionaires have amassed staggering wealth while paying very little in taxes, the two French researchers criticized in an op-ed for the 'New York Times.' They support a proposal for a one-time 5% wealth tax, which will be put to a referendum on November 3.