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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.

Photo: California State Capitol
Photo: Andre m · CC BY-SA 3.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 3.0

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  1. 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

  2. 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.

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

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

  5. 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.

  6. 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.

  7. Vera Bullock · Co-AnchorSeven?

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

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

  10. Hank Ledger · Lead AnchorVera, it's a ballot measure.

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From the archive: everything BBN aired on Monday, October 19, 2026 · the Your Money archive · all months