# Commentator warns California economy will 'absolutely collapse' under billionaire tax

Fox News commentator Steve Hilton said California's economy would 'absolutely collapse' under a proposed billionaire tax, which he described as 'insane.' His remarks highlight ongoing debate over taxing the ultra-wealthy to fund social programs in the state.

**Importance:** 2/5

## Sources

### Business
- [Fox News Business](https://www.foxbusiness.com/media/steve-hilton-warns-california-economy-could-absolutely-collapse-under-billionaire-tax-proposal) — Tue, 04 Aug 2026 18:35:10 GMT