The race defining California’s 2026 statewide election is Proposition 40, also known as the “Billionaire Tax.” The proposed tax will levy a one-time, 5% tax on the accumulated wealth of any billionaire living in California, with the money earmarked for healthcare and education. Read more...
Photo: Students pass out flyers on Bruin Walk. Columnist Emilio Lois argues that Proposition 40, also known as the “Billionaire Tax,” will damage California’s economy, even though many Californians are in favor of it. (Daily Bruin file photo)






