Rep. Ro Khanna (D-Calif.) has stood firm in his support for a billionaire tax, despite threats from some of the state’s wealthiest residents to leave if the tax is implemented.Khanna Defends Billionaire TaxKhanna took to X to defend his stance on the billionaire tax, which would tax California residents whose net worth exceeds $1 billion at up to 5$20 billion in assets as of Jan. 1, 2026, would face a one-time tax of $1 billion.He noted that within a 50-mile radius, hi ...