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  "path": "/politics/2026/06/california-billionaire-tax-billionaires-wealth-gap-unrealized-gains-rich-possible-fair/",
  "publishedAt": "2026-06-30T15:46:58.000Z",
  "site": "https://www.motherjones.com",
  "tags": [
    "Politics",
    "California",
    "Congress",
    "Economy",
    "Income Inequality",
    "Inequality",
    "Oligarchy",
    "Taxes"
  ],
  "textContent": "This November, California voters will weigh what could become America’s first-ever tax on net worth. The Billionaire Tax Act, a ballot initiative put forth by health workers after President Donald Trump blew holes in the state Medicaid budget, would impose a one-time tax of 5 percent on personal wealth exceeding $1 billion. With polls indicating […]",
  "title": "How to Tax a Billionaire"
}