Majority of California voters back billionaire wealth tax even when aware of economic risks, survey shows

California voters appear ready to drive the state’s remaining billionaires toward the exit signs — and many say they are fully aware of the potential consequences.

A new survey found that 60% of likely voters back a one-time wealth tax, even as a majority of those same respondents say the move would spark a business exodus and cost local jobs.

The February 2026 Nestpoint survey highlights what it describes as a contradiction, with 52% of respondents saying the tax would likely cost jobs and drive entrepreneurs out of California.