California's proposed billionaire wealth tax faces backlash as only six billionaires have left the state. Tax passage in 2026 at 29.5% YES.

The Golden State has a history of aggressively pursuing rich individuals who claim to have relocated to low-tax jurisdictions.

California's proposed billionaire wealth tax faces backlash as only six billionaires have left the state. Tax passage in 2026 at 29.5% YES.