SENSEX
NIFTY
GOLD
USD/INR

Weather

image 31    C

Global Business News

The Economic Times

Global Business / The Economic Times

details

Billionaires abound in California. Why not tax their wealth?

No state may be a more natural fit for a tax on billionaires than California. The state leans left politically, needs funds for healthcare and is home to as many as 250 billionaires collectively worth upwards of $2 trillion.

20 Sep 2026 4:58 pm