# California billionaire tax could cost $40b

https://x.com/nic_carter/status/2112653890961232351

A proposed 5% wealth tax on California billionaires could cost the state up to $40 billion. It targets 200 billionaires worth $2.3–2.6 trillion. A new Stanford paper argues the tax has negative net value due to unexpected billionaire departures.

#california #tax #billionaires #wealth #stanford #medicaid

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Created: 2026-10-31T03:41:34.784720+00:00

Last edited: 2026-10-31T03:41:34.784720+00:00

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Origin: Syndicated

Original source: https://x.com/nic_carter/status/2112653890961232351