# California Wealth Tax Initiative 2026: Latest Polls **URL:** \ **Category:** Macro Economic Trends and Risks\ **Created:** [September 10, 2026, 5:29am UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375 "2026-09-10T05:29:50Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [September 10, 2026, 5:29am UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/1 "2026-09-10T05:29:51Z")
[https://www.nytimes.com/interactive/polls/california-wealth-tax-polls-2026.html](https://www.nytimes.com/interactive/polls/california-wealth-tax-polls-2026.html) An initiative will appear on the Nov. 3 ballot that, if passed, will impose [a one-time tax on the wealth of billionaires](https://www.nytimes.com/2026/06/25/us/california-billionaires-tax-ballot-measure.html). Gov. Gavin Newsom, who has [proposed a national wealth tax](https://gavinnewsom.substack.com/p/its-time-for-a-national-billionaires), opposes the measure, and there will be competing initiatives on the ballot that would attempt to nullify the tax before it is collected. ooooo The polls are leaning to Yes on the Wealth Tax initiative.. ---
**Author:** ![intercst](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/intercst/32/1543_2.png) [@intercst](https://discussion.fool.com/u/intercst)\ **Post date:** [September 11, 2026, 1:34am UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/2 "2026-09-11T01:34:17Z")
> [@jaagu](#): > > The polls are leaning to Yes on the Wealth Tax initiative.. I support the Wealth Tax. But the $100 billion revenue estimate won’t even cover the cost overruns on Calif. High Speed Rail. We need to bring in Communist Chinese experts and forced labor to complete it in a cost efficient manner. intercst ---
**Author:** ![mostlylong](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/mostlylong/32/3943_2.png) [@mostlylong](https://discussion.fool.com/u/mostlylong)\ **Post date:** [September 11, 2026, 1:46am UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/3 "2026-09-11T01:46:52Z")
> [@intercst](#): > > Communist Chinese experts and forced labor to complete it in a cost efficient manner. With appropriate branding, this is doable. We are already importing everything else from China, might as well get the high speed train too. ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [September 11, 2026, 2:16am UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/4 "2026-09-11T02:16:53Z")
> [@mostlylong](#): > > With appropriate branding, this is doable. Just saw yesterday, Xi agrees. Oh and Yesterday the UK got out of NI. ---
**Author:** ![intercst](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/intercst/32/1543_2.png) [@intercst](https://discussion.fool.com/u/intercst)\ **Post date:** [September 11, 2026, 2:29am UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/5 "2026-09-11T02:29:20Z")
> [@Leap1](#): > > Oh and Yesterday the UK got out of NI. UK got out of Northern Ireland ??? intercst ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [September 11, 2026, 2:31am UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/6 "2026-09-11T02:31:46Z")
No, they are looking to boycott Southern Ireland to stay on the moral high ground. Meanwhile everyone is praying to a Jewish woman named Mary. It is above my paygrade to figure this out. ---
**Author:** ![Hawkwin](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_green600.png) [@Hawkwin](https://discussion.fool.com/u/Hawkwin)\ **Post date:** [September 11, 2026, 6:53pm UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/7 "2026-09-11T18:53:35Z")
> [@jaagu](#): > > The polls are leaning to Yes on the Wealth Tax initiative.. Just illustrates how John Q Public is still fallible. > [@jaagu](#): > > Gov. Gavin Newsom, who has [proposed a national wealth tax](https://gavinnewsom.substack.com/p/its-time-for-a-national-billionaires), That is at least a more rationale, though still wrong (and likely Constitution-violating), option. Tax income, an economic activity, not wealth which is passive (and subjective). ---
**Author:** ![intercst](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/intercst/32/1543_2.png) [@intercst](https://discussion.fool.com/u/intercst)\ **Post date:** [September 11, 2026, 6:59pm UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/8 "2026-09-11T18:59:25Z")
> [@Hawkwin](#): > > Tax income, an economic activity, not wealth which is passive (and subjective). Passing wealth from one generation to the next is an “economic activity”, a transaction, and shouldn’t be getting a stepped up cost basis. intercst ---
**Author:** ![Hawkwin](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_green600.png) [@Hawkwin](https://discussion.fool.com/u/Hawkwin)\ **Post date:** [September 11, 2026, 7:06pm UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/9 "2026-09-11T19:06:38Z")
> [@intercst](#): > > Passing wealth from one generation to the next is an “economic activity” Indeed it is. > [@intercst](#): > > and shouldn’t be getting a stepped up cost basis. I would not mind that so much if we had a more realistic estate tax - which would accomplish the same thing. The vast majority of people that benefit from that stepped up basis are people that simply inherit a modest home from their mom - and I don’t want them to be forced to sell the home to cover a large capital gain that is currently waived with that stepped up basis. Bring back the 2008 limits ($2 million, ~ $3million today) and index it for inflation and call it a day. ---
**Author:** ![McLovin1981](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/mclovin1981/32/64391_2.png) [@McLovin1981](https://discussion.fool.com/u/McLovin1981)\ **Post date:** [September 11, 2026, 7:10pm UTC](https://discussion.fool.com/t/california-wealth-tax-initiative-2026-latest-polls/126375/10 "2026-09-11T19:10:50Z")
> [@intercst](#): > > Passing wealth from one generation to the next is an “economic activity”, a transaction, and shouldn’t be getting a stepped up cost basis. The oligarchs convincing the proles that inherited money was somehow holier than money you worked for and therefore shouldn’t be taxed is one of the great con jobs of the 20th century.