YahooAugust 13, 2026 at 11:57 AM NY22 days ago
California’s Billionaire Tax Is Officially on the Ballot. Here’s How Much of the National Debt 100% of Every American Billionaire’s Wealth Would Actually Cover.
California just certified the country's first statewide billionaire wealth tax for the 2026 ballot, and the fight over Proposition 40 has already cost opponents more than $107 million and sent some billionaires fleeing the state. But the real question lurking behind it is far bigger than California's budget.
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