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Democrat Rep. Ro Khanna Defends ‘Wealth Tax’ on California Billionaires: ‘You Didn’t Build This Money Yourself’

Tuesday, October 27, 2026


Rep. Ro Khanna (D-CA) defended Proposition 40, which would impose a wealth tax on California billionaires, stating "You didn't build this money yourself." Khanna describes himself as a "progressive capitalist." The proposition would tax high-net-worth individuals in the state.

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