Raise taxes on billionaires federally, not state by state
Ifavor higher taxes on the ultra-wealthy. But I worry that California’s proposed tax on billionaires will inflict lasting damage on the economy and undermine the state’s status as...
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Ifavor higher taxes on the ultra-wealthy. But I worry that California’s proposed tax on billionaires will inflict lasting damage on the economy and undermine the state’s status as...
California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. Correspondent Jo Ling Kent examines whether the measure would d...
It would be the first of its kind in the country — and set a new benchmark for other states.
As voters across the United States cast ballots on November 3, Californians are weighing whether to approve a one-time 5% tax on the wealth of billionaires in the state. The tax wo...
Inside the state’s multifront battle over the world’s first tax for the ultrarich.
A proposal to tax California's billionaires has fractured Democratic politics, repelled some of the state's richest residents and exploded into a costly battle.
California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. "Sunday Morning" examines whether the measure would deliver the...
This paper examines the revenue and migration impact of the 2026 California Billionaire Tax Act, a one-time 5 percent tax on the worldwide net worth of individuals exceeding $1 bil...
While California's proposed billionaire tax gets the spotlight, Proposition 3 could permanently extend higher income tax rates that are set to expire in 2031.
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
There is a proposition on the California ballot this year to impose a…Tags: billionaires, California, New York Times, Nicholas Konrad, scale, taxes
Benjamin Jaros (Stanford) and Joshua Rauh (Stanford) have a new NBER working paper, “The Net Present Value of the California Billionaire Tax Act” (October 2026). Here is the abstra...
The deal allows Zuckerberg to pay a potentially huge billionaire tax that is on the ballot in California without losing his ownership stake in the company he founded.
The proposal's outcome could set a precedent for wealth taxation, influencing economic policies and political strategies nationwide. The post California billionaire tax proposal ga...
Departures have already erased nearly 30% of Prop 40’s tax base, a new NBER paper estimates. The tax’s architects say the math assumes losses that won’t last.
“A group of progressive Nobel Prize-winning economists has joined the fray in California’s battle over what would be the first wealth tax in the U.S. if state voters approve the me...
With four weeks until Election Day, Dan Regan and his healthcare-workers union are in the final stretch of a campaign to persuade Californians to embrace the billionaire tax.
The state legislature could modify Prop 40 with a two-thirds vote, but courts would also weigh in on any attempts to stretch the scope to all taxpayers.
The current system unfairly allows the richest Americans to accumulate fortunes without paying taxes on investment gains, the CEO argued, advocating for changes that would reduce w...
Kirby’s 2025 pay was about 334 times what United’s median employee earned, as the richest 1% of U.S. households hold a growing share of the nation’s wealth.
Wealth taxes have been a failure everywhere they’ve been tried, which may be why advocates for the California amendment are saying this is a new frontier. But the countries that ha...
The planned wealth tax leads slightly in the polls and is already driving capital flight.
ALBAWABA - California’s Proposition 40 promises a one-time five percent tax on billionaires in the state; sending Meta CEO Mark Zuckerberg packing...
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