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California's billionaire tax: What's at risk for the biggest state economy in America

California's billionaire tax would generate quick revenue, but Norway's example shows the longer-term economic impact of targeting the wealthy is unclear.

California's billionaire tax: What's at risk for the biggest state economy in America

Published July 17, 2026 · Category: Finance

Overview

California's billionaire tax would generate quick revenue, but Norway's example shows the longer-term economic impact of targeting the wealthy is unclear.

Source

Originally published at www.cnbc.com.

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