Business

I’m a wealthy Californian. The billionaire tax is a win for everyone | George Zimmer

I’m not a billionaire, but I’m a Californian wealthy enough to know that they have no valid reason to fight the proposition.

✦ Extractive summary — built from the sources' own reporting•From 1 source•1 min read•Updated November 2, 2026, 12:00 PM UTC
Key points
  • George Zimmer, a member of Patriotic Millionaires, is the chairperson, CEO and founder of Generation Tux, an online rental platform for tuxedos and….
  • In recent months, a number of California billionaires and their apologists in the media and in government have come out swinging against the ballot measure.

The measure would ease inequality and bolster healthcare – without draining our coffers or triggering a billionaire exodus On Tuesday, California voters will decide whether to enact Proposition 40, a one-time, 5% tax on the net worth of about 250 California billionaires.

How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →

Advertisement

Every article behind this summary — 1 article from 1 outlet