That is why we need a billionaire tax.
Create a billionaire tax.
Occurrences
tax billionaires ($4.7 trillion)
Evidence
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The Guardian says Ro Khanna is among the progressive figures backing Tom Steyer, whose California campaign is centered on taxing the ultra-wealthy and would open the door to a first-of-its-kind state wealth tax.
legacy_unverified · Source version not recorded · locator unknown
The Guardian reports that Silicon Valley donors are spending heavily to defeat the proposed 5% billionaire tax on California's November ballot, showing the fight is still active.
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The Wall Street Journal says wealthy Californians are already restructuring assets and shifting money to reduce exposure to the proposed one-time 5% billionaire tax.
Assessments
No federal billionaire tax has been enacted, which means the promised outcome has not been delivered in Khanna's federal office context. The cited 2026 evidence concerns a still-pending California state billionaire-tax campaign that Khanna supports, showing ongoing effort but not completion of the promised policy. Because he remains in office and is still aligned with billionaire-tax efforts, this is better scored as unresolved than delivered or partial.