Letters
Oct. 6, 2026
California's billionaire tax deserves a longer view
The proposed billionaire tax could generate substantial revenue for California, but its potential effects on taxpayer behavior, business formation, future tax revenue and unresolved constitutional questions warrant a longer-term assessment.
Mohan Ananda
Mohan Ananda is a California attorney, entrepreneur, author and family-office executive. He practiced corporate and intellectual-property law for approximately four decades and has founded and advised public and private companies. His writings address entrepreneurship, technology, wealth stewardship and multigenerational legacy planning.
Professors David Gamage and Darien Shanske make a thoughtful case for Proposition 40, arguing that California's proposed billionaire tax represents both sound policy and a lawful exercise of state taxing authority. "The billionaire tax is good policy and good law," Daily Journal, Sept. 28. Their arguments deserve serious consideration. But several economic and legal uncertainties also...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In