California voters consider proposition to tax billionaires' wealth
03 Nov 2026, 11:24 PM

California voters consider proposition to tax billionaires' wealth

N
News PBS
@newspbs
Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare.
Source Credit: pbs.org
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