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Reading: We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna
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EU News Forge > Blog > Business > We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna
Business

We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna

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Last updated: October 19, 2026 12:00 pm
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4 hours ago
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Will California stand with the working class or the oligarchs in the vote this November?

The Democratic party has a choice to make. Are we going to be New Deal Democrats or corporate Democrats? Are we standing with the working class or the tech oligarchs?

Proposition 40, California’s billionaire tax, is the most important ballot initiative in America and a fight for the soul of our party.

Rohit Khanna is aUS congressman and attorney serving as the US representative from California’s 17th congressional district

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Source: Guardian Business

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