California's $100 Billion Billionaire Tax Faces Constitutional Firestorm
A November ballot measure imposing a one-time 5% net-worth tax on California billionaires sets up a high-stakes legal battle over state and federal constitutional limits. Domicile definitions, uniformity clauses, and dormant Commerce Clause challenges could stall implementation even if voters approve. Legal experts are already dissecting the proposal’s vulnerabilities, with opponents preparing litigation strategies.