Two economists studied California’s billionaire tax. They reached wildly different conclusions

OMEGAZEPRIME News
Published on November 2, 2026 • Originally reported by Greg Rosalsky. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
An attendee holds a sign before the start of a rally led by US Senator Bernie Sanders, Independent of Vermont, during the campaign kickoff for the California Billionaire Tax Act at The Wiltern in Los Angeles, February 18, 2026. Sanders is seeking the support of California voters for a November

What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?

(Image credit: PATRICK T. FALLON/AFP via Getty Images)

OMEGAZEPRIME News — For more stories and analysis, visit omegazeprime.com

SUPPORT OMEGAZEPRIME

Help us keep delivering breaking news and world updates.

PayPalShop OMEGAZEPIX