Washington, D.C., February 3, 2026 — A Fox Business report featured Nestpoint’s latest proprietary polling on California’s proposed billionaire wealth tax, drawing attention to a notable finding in voter sentiment across the state.
According to the February 2026 Nestpoint survey cited in the article, 60% of likely voters support a one-time wealth tax on residents with assets exceeding $1 billion. At the same time, 52% of respondents acknowledged that such a policy would likely drive entrepreneurs out of California and cost local jobs.
Even after being presented with what the survey described as a “full battery” of economic risks, support for the tax remained at 54%, underscoring what the report described as a contradiction between voter support for the measure and awareness of its potential economic consequences.
The Fox Business feature also noted that 42% of respondents expressed concern about fallout in Silicon Valley and 48% worried about long-term revenue instability tied to the proposal.
The article compared Nestpoint’s survey to a separate Mellman Group poll that showed lower support levels, noting Nestpoint’s larger sample size as a possible explanation for the difference.
The proposed initiative, backed by SEIU–United Healthcare Workers West, would impose a one-time 5% tax on the net worth of California residents with assets exceeding $1 billion, due in 2027 and payable over five years if approved by voters.
The discussion reflects Nestpoint’s continued work in analyzing how public opinion, economic policy, and market behavior intersect in high-impact regulatory debates.
The feature originally appeared on Fox Business on February 3, 2026. You can read it here.
About Nestpoint
Nestpoint, with a global footprint and a formidable presence in Washington, D.C., is a leading government affairs, finance, and private equity firm. As a strategic ally, Nestpoint transforms challenges into opportunities through its expertise in policy influence, global networks, and financial innovation, delivering customized solutions for sustained client success. Nestpoint advises multibillion-dollar companies in the manufacturing, energy, and technology sectors as well as foreign nations.
