That is why we need a billionaire tax.
Create a billionaire tax.
Occurrences
tax billionaires ($4.7 trillion)
Evidence
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.
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.
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.