Macro Finance
Billionaires Plow $300 Million Into Fight Against Wealth Tax
Bloomberg Markets·October 15, 2026·1 min read
Groups backed by some of the world's richest people are pouring cash into a final push against California's proposed one-time 5% tax on billionaires, escalating what's already one of the country's most expensive battles of this election cycle. The opposition has raised $300 million to fight the measure.
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