Saturday, August 22, 2026
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Proposed California wealth tax sparks debate: Will billionaires leave the state?

A proposed first-of-its kind tax would target California's nearly 250 billionaires in an effort to fund health care. If voters pass it, will the state's economy suffer?

Proposed California wealth tax sparks debate: Will billionaires leave the state?
Image: NPR Business

A proposed first-of-its kind tax would target California's nearly 250 billionaires in an effort to fund health care. If voters pass it, will the state's economy suffer?

(Image credit: Frederic J. Brown)

Originally published at NPR Business

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