The coming election will serve as an important test of the political power of the billionaire class, and the broader health of American democracy.

California's billionaire wealth tax will be on the November 2026 ballot. Tax passes at 28.5% YES.

Google co-founder Sergey Brin and venture capitalist Peter Thiel are among the billionaires bankrolling ads against a proposed one-time tax on the wealthiest Californians.