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Californians vote on nation’s first wealth tax on billionaires

Katherine Langford
Editor-in-Chief · Tuesday, November 3, 2026 at 1:00 PM · 1 min read
Californians vote on nation’s first wealth tax on billionaires — Danville Business news

This story was originally published by CalMatters. Sign up for their newsletters. California voters are deciding whether the state will levy a first-of-its-kind tax on billionaires.  If it passes, Proposition 40 would assess a one-time 5% tax on the net worth of the state’s roughly 200 billionaires, targeting their stocks, bonds, business holdings and other [ ] The post Californians vote on nation’s first wealth tax on billionaires appeared first on Danville San Ramon.

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