A proposed wealth tax aimed at California’s billionaires is headed for the 2026 ballot, presented as a one-time measure to raise revenue for public programs. How would that one-time label work once the rules are applied?

In this episode, Hank Adler, associate professor and Burra executive professor of accounting at Chapman University, walks us through how the proposal would operate in practice and what its structure could mean for California’s economy after the vote.

Views expressed in this video are the opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.