Why California’s plan to tax billionaires is misguided
In America’s federal system, the rich can easily shift to more competitive states
Related reading
California’s billionaire tax plan will backfire
Over the past 50 years the state has become overly reliant on a few deep pockets that it cannot afford to lose
California’s divisive plan to tax billionaires
The proposed levy on people worth 10 figures and above has rattled Silicon Valley and split Democratic leaders
New York and California are losing their shine
High costs have created a self-reinforcing exodus of business and workers
Private equity overcomes California hurdle to expansion in US legal market
Lobbyists watered down legislation that would have frozen investor-owned firms out of largest state
The eternal dilemma of how to tax the super-rich
It is becoming harder to keep wealthy nomads and ordinary voters happy
London learned the hard way. Is California next?
A proposed tax referendum has Silicon Valley leaders making plans to leave the state