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California Billionaires Tax Raises Hard Questions of Fairness, Constitutionality

California Billionaires Tax Raises Hard Questions of Fairness, Constitutionality
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Commentary

California voters will wake up on Nov. 3, 2026, to vote on the nation’s first statewide tax on net worth.

Mr. Hank Adler is the Burra Executive Professor of Accounting at Chapman University. He was in public accounting for almost thirty-four years, the last twenty as a partner at Deloitte & Touche.