Californian billionaires flee potential one-off 5% wealth tax

Jan 12, 2026 - 07:06
Californian billionaires flee potential one-off 5% wealth tax
In 2024, California had 255 billionaires, more than any other state. A state ballot initiative aimed at taxing the state's wealthiest residents could be put to a public vote in autumn 2026.
Tomas Kauer - News Moderator https://www.tomaskauer.com/