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How to Tax a Trillionaire

February 10, 2026 at 01:00 PM
By Bloomberg
How to Tax a Trillionaire

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Last summer a California group launched an initiative called the 2026 Billionaire Tax Act, a one-time 5% levy on the assets of residents with a net worth of $1.1 billion or more. Then all hell broke loose. Brad Stone explains. (Source: Bloomberg)

Analysis & Context

Last summer a California group launched an initiative called the 2026 Billionaire Tax Act, a one-time 5% levy on the assets of residents with a net worth of $1.1 billion or more. Then all hell broke loose. Brad Stone explains. (Source: Bloomberg) This article provides comprehensive coverage and analysis of current events.

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Last summer a California group launched an initiative called the 2026 Billionaire Tax Act, a one-time 5% levy on the assets of residents with a net worth of $1.1 billion or more. Then all hell broke loose. Brad Stone explains. (Source: Bloomberg)

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