California is considering a one-time, 5% tax on billionaires to fund healthcare shortfalls tied to major federal cuts. Opponents say it will prompt the uber-rich to leave, while supporters argue states can't afford not to tax wealth that's grown far faster than ordinary incomes.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-06-09/will-billionaires-really-flee-a-california-wealth-tax-video)

Sponsored