California billionaire tax faces spectacular collapse in bombshell new poll

Source: New York Post

The billionaires appear to be winning. California voters remain closely divided over a proposed wealth tax on billionaires to backfill federal healthcare cuts, but just 46% of likely voters are supporting it and 43% are opposed, according to a new Citrin Center-Politico poll. Proposition 40 needs a majority of voter support to raise as much as $100 billion by imposing a one-time 5% tax on state residents who had assets exceeding $1 billion at the start of 2026.