New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - Several of the wealthiest people in the world live in California. Wealth is the value of all the things a person has come to own over their lifetime. Wealth is different from incom e, which is how much a person earns in a set period of time, like one year.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024