Here’s Why California’s Billionaire Tax Might Be Doomed Even If It Passes

Name: Here’s Why California’s Billionaire Tax Might Be Doomed Even If It Passes
Uploaded: 2026-10-27T00:00:00.000Z
Duration: 3 min 3 s
Description: California's Proposition 40 would impose a 5% one-time tax on about 250 billionaires to fund health care, but it could still be nullified even with majority support if rival Propositions 41 or 42 get more votes.

Forbes · 3:03 · Watch on YouTube

California's Proposition 40 would impose a 5% one-time tax on about 250 billionaires to fund health care, but it could still be nullified even with majority support if rival Propositions 41 or 42 get more votes.

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