{
  "id": 15639291,
  "title": "The California billionaire tax is very likely a net revenue loser",
  "url": "https://urgent.news/2026/10/19/the-california-billionaire-tax-is-very-likely-a-net-revenue-loser",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T18:31:59.000Z",
  "source": {
    "name": "Marginal Revolution",
    "slug": "marginal-revolution",
    "url": "https://marginalrevolution.com/marginalrevolution/2026/10/the-california-billionaire-tax.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "This paper examines the revenue and migration impact of the 2026 California Billionaire Tax Act, a one-time 5 percent tax on the worldwide net worth of individuals exceeding $1 billion. Using data from the Forbes Billionaire List, news reports detailing the residential real estate holdings of California billionaires, and public announcements of billionaire departures from […] The post The…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}