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California Could Raise $100 Billion From Billionaires — But There's a $38.9 Billion Problem

Nov 3, 2026 · 05:38 AM ET· updated 1h ago
California Could Raise $100 Billion From Billionaires — But There's a $38.9 Billion Problem

California voters decide Proposition 40 as Affirm CEO Max Levchin warns he may leave.

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Why It Matters

California wants to tax very rich people more money. Some business leaders say they might move away instead.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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