Californian billionaires flee potential one-off 5% wealth tax
- Posted on January 11, 2026
- By Le Monde
- 2 Views
Californian billionaires flee potential one-off 5% wealth tax
In 2024, California had 255 billionaires, more than any other state. A state ballot initiative aimed at taxing the state's wealthiest residents could be put to a public vote in autumn 2026.
