Proposed Wealth Tax Is Popular Among Californians—But Not The Billionaires

Forbes

18,111,983 followers

April 28, 2026

Good evening,

Organizers of a proposal to impose a one-time tax on the super-rich in California say they’ve collected more than enough signatures to get the measure on November’s ballot. Meanwhile, a number of billionaires have already changed their residency. Here’s what to know.

  • Here are some tips for those who may want to change their residency away from California.

Thanks for reading!

Kris Kornbluth Assistant Editor, Platforms & Curation


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