Ro Khanna's Billionaire Tax:
California Is Bleeding
Representative Ro Khanna's support for California's 2026 Billionaire Tax Act is driving billionaires out of the state, leaving working families to foot the bill. California needs commonsense leadership that understands economics, not political grandstanding.
Ro Khanna's Failed Leadership
Supporting a Destructive Tax
Representative Ro Khanna has been a vocal supporter of wealth tax proposals that have proven to fail everywhere they've been tried. His support for California's 2026 Billionaire Tax Act (Initiative 25-0024) ignores decades of economic evidence showing that wealth taxes drive capital flight and hurt working families.
When billionaires leave California, they take their businesses, investments, and jobs with them. Ro Khanna's policies are directly responsible for the exodus that's already begun.
Ignoring Economic Reality
Twelve European countries tried wealth taxes. Eight have repealed them, including France, Sweden, and Germany, due to capital flight, low revenue, and economic damage. Ro Khanna ignores this evidence and pushes policies that will harm California's economy.
Real leaders learn from history. Ro Khanna repeats its mistakes.
Working Families Pay the Price
When billionaires leave California due to Ro Khanna's supported tax policies, working families are left to foot the bill. Higher property taxes, reduced services, lost jobs, and a weaker economy—all consequences of policies Ro Khanna champions.
Ro Khanna promises billions in revenue, but when billionaires leave, working families pay the difference.
California's Innovation Economy at Risk
California's innovation economy depends on venture capital, entrepreneurship, and risk-taking. Ro Khanna's support for wealth taxes threatens this ecosystem, driving away the very people who create jobs and economic opportunity.
San Jose Mayor Matt Mahan, a Democrat, has warned this tax poses "incredible risk" to California's innovation economy. Ro Khanna ignores these warnings.
The Exodus Has Already Begun
Billionaires Are Leaving Because of Policies Ro Khanna Supports
Google co-founders Larry Page and Sergey Brin have already relocated their tax residency out of California. Peter Thiel has left. Hundreds of billions in wealth have already fled the state.
These aren't hypothetical scenarios. The exodus has begun. And every billionaire who leaves makes the financial burden on working families that much heavier.
Ro Khanna's support for wealth tax policies is directly contributing to this capital flight. California needs leadership that understands economics, not political posturing.
The Math Doesn't Work
Proponents of the billionaire tax—including Ro Khanna—promise $100 billion in revenue. But when billionaires leave, California loses far more in income taxes, property taxes, business investments, and jobs.
The result: Working families face higher taxes, reduced services, and a weaker economy. All because of policies Ro Khanna supports.
California Needs New Leadership
Ro Khanna's support for destructive wealth tax policies is driving billionaires out of California and leaving working families to foot the bill. California needs commonsense leadership that understands economics and puts working families first.
It's Time for Change
California's 17th Congressional District deserves a representative who understands that when billionaires leave, working families pay the price. We need leadership that will protect California's economy, not destroy it with failed tax policies.
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