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California politicians and ultra - wealthy are divided over a proposed billionaire tax – San Gabriel Valley Tribune

Proponents estimate the one-time wealth tax would generate $100 billion, most of which would fund health care.

Source sgvtribune.com AI Summary Updated January 23, 2026

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Freshness Stale Updated January 23, 2026

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Read time 1 min ~31 words

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Proponents estimate the one-time wealth tax would generate $100 billion, most of which would fund health care. But critics worry it will drive away the state's wealthiest who might take their

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