Poll shows support for California billionaire tax measure at 45 percent
The Hill · September 22, 2026Original source ↗
What happened
A recent poll from the University of California, Berkeley Citrin Center for Public Opinion Research-POLITICO indicates that only 45 percent of registered California voters back Proposition 40, which proposes a 5 percent tax on the net worth of the state's billionaires. Support for this state ballot measure has decreased since its introduction.
Why it matters
This development could impact funding for state programs and the ongoing discussion around wealth taxation in California.
How this story affects people
How does this story affect you if you are a California voter?
The decreasing support for Proposition 40 may impact future funding for state programs that rely on tax revenue from the wealthiest residents. If the measure fails, it could hinder efforts to address wealth inequality and fund public services.
How does this story affect you if you are a billionaire in California?
The declining support for the proposed tax could influence your financial planning and investment strategies, as the potential for increased taxation on your net worth is now less certain. However, if the measure passes, you may face higher taxes that could affect your wealth management decisions.
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