A man's shirt and sticker are displayed at the Billionaire Tax Now booth at the California Democratic Party State Convention in San Francisco on Feb. 21, 2026.
A man's shirt and sticker are displayed at the Billionaire Tax Now booth at the California Democratic Party State Convention in San Francisco on Feb. 21, 2026. Credit: Jeff Chiu / Associated Press

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California voters are faced with a complicated set of constitutional tax initiatives on this year’s ballot. And it is even more complicated because there are several harmful propositions funded by billionaires and anti-tax zealots, some of which are deceptively designed and named.

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Economist Richard McGahey studies cities and inequality at The New School in New York City. His 2023 book, “Unequal Cities” (Columbia University Press), was nominated for the National Book Award. He...