Who Designed Proposition 40? Meet the Academics Behind California’s Billionaire Tax Brawl
5 Articles
5 Articles
Super-rich: California is deeply divided over a revolutionary referendum that forces billionaires to pay a one-time 5 percent tax on their wealth.
The Derrick
Lodinews.comWho designed Proposition 40? Meet the academics behind California’s billionaire tax brawl
SACRAMENTO, Calif. — The billionaire wealth tax started with a Zoom call. Dave Regan, the hard-charging president of a healthcare union, wanted to raise $100 billion to address looming federal healthcare cuts. What about a one-time wealth tax on billionaires?…
“The Billionaire Tax: Dispassionate Analysis of a Policy that We Desperately Need”
Brian Galle, David Gamage, Emmanuel Saez, and Darien Shanske, Expert Report on the California 2026 Billionaire Tax: Revenue, Economic, and Constitutional Analysis, University of Missouri School of Law Legal Studies Research Paper No. 2026-01 (April 26, 2026), available at SSRN. Neil H. Buchanan California and New York City are the current epicenters of efforts to slightly increase the taxes paid by the extremely rich. Unsurprisingly, those extre…
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