Published Sep 20, 2026, 6:34 AM ET · Updated 2 months ago · 1 source
Billionaires abound in California. Why not tax their wealth?
reuters
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Original Report
No state may be a more natural fit for a tax on billionaires than California. It leans left and its 250 billionaires are worth nearly $2 trillion. But a ballot initiative to impose a one-time 5% tax might not pass.