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We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna

Published October 19, 2026 6:00 am • Updated October 19, 2026 6:00 am •
We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna
Photo via The Guardian US

Will California stand with the working class or the oligarchs in the vote this November?The Democratic party has a choice to make. Are we going to be New Deal Democrats or corporate Democrats? Are we standing with the working class or the tech oligarchs?Proposition 40, California’s billionaire tax, is the most important ballot initiative in America and a fight for the soul of our party.Rohit…

Will California stand with the working class or the oligarchs in the vote this November?The Democratic party has a choice to make. Are we going to be New Deal Democrats or corporate Democrats? Are we standing with the working class or the tech oligarchs?Proposition 40, California’s billionaire tax, is the most important ballot initiative in America and a fight for the soul of our party.Rohit…

Source: The Guardian US — Original report ↗

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Original source: The Guardian US ↗