California's Ro Khanna faces Silicon Valley backlash after embracing wealth tax

A proposal to tax California billionaires at 5% of their wealth could land on the California ballot in November.

# California's Ro Khanna faces Silicon Valley backlash after embracing wealth tax A proposal to tax California billionaires at 5% of their wealth could land on the California ballot in November. **Read the full article:** [CNBC](https://www.cnbc.com/2025/12/29/silicon-valley-ro-khanna-faces-tech-backlash-over-wealth-tax.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*