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Californian billionaires flee potential one-off 5% wealth tax
In 2024, California had 255 billionaires, more than any other state. A state ballot initiative aimed at taxing the state's wealthiest residents could be put to a public vote in autumn 2026.
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lemonde.fr
Californian billionaires flee potential one-off 5% wealth tax
In 2024, California had 255 billionaires, more than any other state. A state ballot initiative aimed at taxing the state's wealthiest residents could be put to a public vote in…
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theguardian.com
Gavin Newsom comes out swinging against California billionaire tax
Ballot initiative, opposed by the ultra-wealthy, would levy one-time 5% tax on individuals worth more than $1bn