Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
- Posted on May 27, 2026
- By Fortune
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- 1 min read
Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
A potential billionaire exodus would take decades to turn the proposed 5% wealth tax into a net loss for the state, NBER paper finds.
