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Two economists studied California's billionaire tax. They reached wildly different conclusions

Two economists studied California's billionaire tax. They reached wildly different conclusions
NPR News Monday 02 November 2026, 11:30 UTC By Greg Rosalsky 1 min read
Key Points

What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?(Image credit: PATRICK T. FALLON/AFP via Getty Images)

What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?

(Image credit: PATRICK T. FALLON/AFP via Getty Images)

[Image text:] BILLIONAIRE TAX NOWV VOTE YES 11/3/26 Ad paid for by Save California Health Care and Public Education Healthcare Workers West.Ad Committee's Top Funder Service Employees International Union-United Healthcare Workers West Funding Details at www.fppc.ca.gov
California (LOCATION) America (LOCATION) PATRICK T. FALLON (PERSON) Getty Images (ORG)
Originally published by NPR News Read original →

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