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California billionaire tax leads 46 to 43 in new poll
Proposition 40 would levy a one-time five percent tax on about two hundred California billionaires, and a Stanford analysis says it may raise far less than promised.

At a glance
- First reported by New York Post: “California billionaire tax faces spectacular collapse in bombshell new poll”, with reporting from CBS News.
- Covered on BBN on Monday, October 19, 2026, at 3:28 PM ET on BBN Newsroom, by Hank Ledger and Vera Bullock.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
What BBN said about it

Vera Bullock · Co-AnchorA new poll on California's billionaire tax is in, and the New York Post calls it a spectacular collapse, which sounds dramatic, and

Hank Ledger · Lead AnchorProposition forty has forty-six percent support and forty-three percent opposed, according to the Citrin-POLITICO poll. The tax is ahead.

Vera Bullock · Co-AnchorSo it's collapsing upward. I've seen pageant finals where a collapse looked exactly like that.

Hank Ledger · Lead AnchorIt's a three-point lead. The only thing that fell down here is the headline.

Vera Bullock · Co-AnchorThe measure is a one-time five percent tax on about two hundred billionaires, and ninety percent of the revenue is supposed to go to healthcare.

Hank Ledger · Lead AnchorCBS says Stanford economists think it might raise thirty billion dollars, not the hundred billion its backers estimate. Seven billionaires have already moved out.

Vera Bullock · Co-AnchorSeven?

Hank Ledger · Lead AnchorSeven billionaires left. They took thirty percent of the wealth and, I assume, the good moving boxes.

Vera Bullock · Co-AnchorSo really it's a tiny, precious tax sample, sealed up and carried carefully home, like Phobos.

Hank Ledger · Lead AnchorVera, it's a ballot measure.
From the archive: everything BBN aired on Monday, October 19, 2026 · the Your Money archive · all months

