Santa Barbara Current

Santa Barbara Current

Legal Perspective

Tax on the Assets of Billionaires

By Brent E. Zepke, Esq.

Feb 07, 2026
∙ Paid

My immediate reaction to learning that there will be a referendum to tax the assets of billionaires was “Why should I care?”

As my finger hovered over the delete button, I realized that the details indicated that such a tax could increase my taxes.

How so?

Taxing the assets of billionaires to fund education, food services, and healthcare.

This is not instea…

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