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Two economists studied California's billionaire tax. They reached wildly different conclusions

Economists split over whether the ballot measure would raise about $100 billion or drive billionaires out and weaken California’s income-tax base.

Summary by Npr
What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?

7 Articles

The San Francisco StandardThe San Francisco Standard
Center

Billionaire tax vote is a lose-lose for Newsom’s presidential ambitions

The governor and likely 2028 presidential contender opposes Proposition 40. But even if the measure fails, as polling suggests it might, he could face political backlash.

·San Francisco, United States
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+5 Reposted by 5 other sources
Center

Two economists studied California's billionaire tax. They reached wildly different conclusions

What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?

·Portland, United States
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npr broke the news in Washington, United States on Monday, November 2, 2026.
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