California could become the first state to tax billionaires' wealth
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Tuesday, November 3, 2026 at 5:01 AM · 1 min read
California voters are considering a first-in-the-nation measure to tax the net worth of billionaires. Most of the money would be used to backfill federal funding cuts for healthcare. Another 10% would go toward education and food-assistance programs. Proponents of the…