Californians vote on nation’s first wealth tax on billionaires
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Tuesday, November 3, 2026 at 1:00 PM · 1 min read
This story was originally published by CalMatters. Sign up for their newsletters. California voters are deciding whether the state will levy a first-of-its-kind tax on billionaires. If it passes, Proposition 40 would assess a one-time 5% tax on the net worth of the state’s roughly 200 billionaires, targeting their stocks, bonds, business holdings and other [ ] The post Californians vote on nation’s first wealth tax on billionaires appeared first on The Almanac.