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Washington lawmakers are considering a billionaire wealth tax. It would be the first one in the US.
The bill, introduced by Rep. Noel Frame, counts Dan Price, CEO of Gravity Payments, as a supporter.
The credit card processing millionaire told Insider why he believes the bill is necessary.
Wealth inequality hits close to home for Dan Price.
The CEO of Gravity Payments, a credit-card-processing company based in Seattle, Price is perhaps best known for taking a million-dollar pay cut and setting a $70,000 minimum wage at Gravity Payments in 2015. The company s sleek headquarters are located in the trendy downtown Ballard neighborhood, adjacent to Ballard Commons Park and its homeless encampments.
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