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California billionaires faced down a tax and won new protections for their wealth

Marcus Chen
Managing Editor · Thursday, November 5, 2026 at 1:00 PM · 1 min read
California billionaires faced down a tax and won new protections for their wealth — Danville Community news

This story was originally published by CalMatters. Sign up for their newsletters. The proponents of a California billionaire tax didn’t just lose their campaign to impose a first-in-the-nation tax on wealthy people’s assets. They also appear to have lost a campaign that will make it harder for them to try again in the future.  Proposition [ ] The post California billionaires faced down a tax and won new protections for their wealth appeared first on Danville San Ramon.

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