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Billionaire Tom Steyer Says He’d Vote for California Wealth Tax

Summary by Fortune
Billionaire Tom Steyer came out in favor of a proposed tax on California’s wealthiest residents, adding a prominent voice to a debate that has divided top Democrats and rattled Silicon Valley’s elite.  Steyer, who is running for California governor, said he’ll vote for the one-time 5% tax on billionaire wealth if it reaches the November ballot, even as he expressed concerns about the levy’s design.  “As drafted, the billionaire tax is a temporar…

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Tempers are boiling, it's about the world's most famous businessmen.

·Budapest, Hungary
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Origo broke the news in Budapest, Hungary on Sunday, January 25, 2026.
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