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Opinion

Sept. 17, 2026 9:00 p.m.
Billionaires won’t be the ones most affected by Prop 40’s tax. Californians will

The race defining California’s 2026 statewide election is Proposition 40, also known as the “Billionaire Tax.”
The proposed tax will levy a one-time, 5% tax on the accumulated wealth of any billionaire living in California, with the money earmarked for healthcare and education.

By Emilio Lois

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