40+ California multimillionaires sign Open Letter backing Billionaire Wealth Tax

Filed by Elara Myst

“We have the chance to lead the world in establishing basic tax fairness, raising revenues for essential programs, and checking the power of the richest among us.”Jake JohnsonOct 20, 2026Dozens of multimillionaire Californians have signed an open letter supporting a one-time wealth tax on the state’s billionaire residents, calling the proposal a “very sensible solution” to a looming healthcare disaster and runaway inequality.“People like us can afford to live ...