Economics ❯ Taxation ❯ Wealth Distribution

Billionaires

Tax Rates Tax Policy Social Justice Tax Revenue California Economy Public Opinion Economic Impact

California ‘Billionaire Tax Act’ Spurs Asset Moves and Political Pushback

The union proposal ties a one-time 5% levy to Jan. 1, 2026 residency, prompting reported relocations.

California Coalition Moves to Put One-Time 5% Billionaires Tax on 2026 Ballot