Finance

Billionaires fleeing California's wealth tax could cost the state more than the levy makes, Stanford economists say

Business Insider By Georgia Hennessy Oct 22, 2026 · 9:39 AM 3 min read 4 views 0 comments

A Stanford paper says billionaire departures could make California's one-time tax a $38.9 billion long-term loss, despite billions raised upfront.

Business Insider Original story · www.businessinsider.com

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