Billionaires fleeing California's wealth tax could cost the state more than the levy makes, Stanford economists say

Fecha de publicación: 22 de octubre de 2026, 14:39

A Stanford paper warns that California could lose more in future income taxes than it would raise from a one-time billionaire tax. Stephen Lam/San Francisco Chronicle via Getty Images Several billionaires have left or plan to leave California over its proposed wealth tax. The departures could mean…