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Billionaires abound in California. Why not tax their wealth?

Sept 20 - No state may be a more natural fit for a tax on billionaires than California. The state leans left politically, needs funds for healthcare and is home to as many as 250 billionaires collectively worth upwards…

1 report1 sourceSep 20, 2026, 10:08 AM
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The Straits TimesSep 20, 2026, 10:08 AM

Billionaires abound in California. Why not tax their wealth?

Sept 20 - No state may be a more natural fit for a tax on billionaires than California. The state leans left politically, needs funds for healthcare and is home to as many as 250 billionaires collectively worth upwards of $2 trillion.

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