Ro Khanna urges California to tax billionaires’ wealth

Summary

In an opinion piece, US Representative Ro Khanna urged California to tax billionaires’ wealth rather than just their income. He calls Proposition 40, which he describes as California’s billionaire tax, a major ballot initiative in November and frames it as a choice between aligning with working-class people and tech oligarchs.

Timeline

1. The Guardian

   19 Oct 2026, 10:00 UTCSource ↗

   The Guardian publishes Ro Khanna’s argument that California should tax billionaires’ wealth and that Proposition 40 is a pivotal choice for Democrats.