California billionaire tax could leave state with less revenue, Stanford study cautions

Worst-Case California Wealth Tax Scenario? It 'Succeeds'

Government spending is the biggest, most economy-sapping tax of all. But we’ve gotten ahead of ourselves. Backtracking, there’s a one-time wealth tax that Californians will vote on next mo

The California billionaire tax is very likely a net revenue loser

This paper examines the revenue and migration impact of the 2026 California Billionaire Tax Act, a one-time 5 percent tax on the worldwide net worth of individuals exceeding $1 billion. Using data from the Forbes Billionaire List, news reports detailing the residential real estate holdings of California billionaires, and public announcements of billionaire departures from […]

California billionaire tax could leave state with less revenue, Stanford study cautions

A new analysis from Stanford economists cautions that enacting a billionaire tax could have unintended consequences.

California billionaire tax could backfire, Stanford study says

California voters next month will decide on whether to , a proposal designed to generate billions of dollars to shore up the state's healthcare system. But Stanford economists are now cautioning that the tax could backfire, leaving the state with less in tax revenue than before. Seven billionaires…