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The Politics and Promise of a Billionaire Tax

Stanford Law Alum Darien Shanske on Wealth, Fairness, and California’s Proposed Billionaire Tax

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On this episode of Stanford Legal, host Professor Richard Thompson Ford talks taxes with Darien Shanske, JD '06, a UC Davis law professor and visiting professor at Stanford Law, who helped draft California’s proposed Billionaire Tax Act, which supporters hope to place on the November 2026 ballot. Shanske explains why he believes critics have often attacked a distorted version of the proposal, not the measure itself: a one-time 5% tax on net worth above $1 billion, payable over five years, aimed…

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