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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
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fortune.com
'You are really playing with fire with this one': California billionaires tax ignites, pitting labor unions and voters against tech execs |…
California has more billionaires than any other state — a few hundred, by some estimates. Nearly half its personal income tax revenue is from the top 1%.
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‘Sickening and greedy’: California millionaire slams Larry Page and Sergey Brin for cutting ties with the state to avoid wealth tax |…
As billionaires flee the state to avoid the proposed wealth tax, other high earners support the one-time tax.