
Will California pass a billionaire wealth tax by September 30, 2026?
Amid growing debate over capital flight from California, lawmakers are considering the Billionaire Wealth Tax Act, which would impose a one-time 5% tax on residents with net worth above $1 billion. Reports suggest prominent tech figures, including Sergey Brin and Larry Page, are already reducing ties to the state in anticipation.
Conditions
Resolves “Yes” if by September 30, 2026, California formally passes into law a billionaire wealth tax targeting individuals with net worth of $1 billion or more, confirmed by state legislation or official government announcements. Otherwise — No.
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