Daily Caller··Monday, November 2, 2026, 9:27 AM

California’s Potential Billionaire Tax Has Already Cost The State

California’s latest proposed tax increase has already led to so much wealth fleeing the state that tax revenue is set to fall, not rise. Golden State politicians announced the upcoming opening day of hunting season on billionaires and are about to find out they can’t fund welfare programs by taxing people who have already left.

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