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California could become the first state to tax billionaires' wealth

Marcus Chen
Managing Editor · Tuesday, November 3, 2026 at 5:01 AM · 1 min read
California could become the first state to tax billionaires' wealth — Eau Claire Health news

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…

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