A Proposed Billionaire Tax in California
California's richest residents are threatening to leave the state over a proposed one-time 5% tax on billionaires.
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Show Notes
California's richest residents are threatening to leave the state over a proposed one-time 5% tax on billionaires. Suzanne Jimenez, chief of staff at SEIU United Healthcare Workers West, an architect of the proposal, explains how the tax would work.
Photo: California Governor Gavin Newsom gestures as he speaks during the World Economic Forum (WEF) annual meeting in Davos on January 22, 2026. Newsom opposes this proposal. (Photo by Fabrice Coffrini/AFP via Getty Images)