Peter Thiel and Gavin Newsom are united in opposition to the billionaire 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…

Ballot initiative, opposed by the ultra-wealthy, would levy one-time 5% tax on individuals worth more than $1bn

Peter Thiel and Gavin Newsom are united in opposition to the billionaire tax.