#billionaire-tax

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fromFortune
3 days ago

Tom Steyer runs for California governor on class traitor platform: 'I'm the billionaire who wants to tax other billionaires' | Fortune

"I'm the billionaire who wants to tax other billionaires," he's fond of saying, though he's given only tenuous backing to a billionaires' tax proposal likely to appear before California voters in November.
SF politics
#california
fromFortune
4 days ago
California

California is angry about billionaires: the one-time wealth tax will be on the ballot in November | Fortune

fromsfist.com
5 days ago
Silicon Valley

Billionaire Tax' Qualifies For November Ballot, and One Local Billionaire Says He Supports It

California
fromLos Angeles Times
5 days ago

Billionaire-tax backers say they have enough signatures - times two - to qualify for ballot

A proposed 5% tax on billionaires' assets aims to generate $100 billion for healthcare funding in California.
Silicon Valley
fromFortune
6 days ago

Sergey Brin confronted Gavin Newsom at a treehouse party - then launched a political war | Fortune

California's proposed billionaire tax prompts Sergey Brin to leave the state and fund political opposition against Governor Newsom.
California
fromFortune
4 days ago

California is angry about billionaires: the one-time wealth tax will be on the ballot in November | Fortune

A proposal to tax billionaires in California has qualified for the November ballot, aiming to generate $100 billion for healthcare funding.
California
fromABC7 San Francisco
5 days ago

California's billionaire tax proposal is on track to qualify for the November ballot

California proposes a one-time 5% tax on billionaires to generate $100 billion for healthcare funding.
Silicon Valley
fromsfist.com
5 days ago

Billionaire Tax' Qualifies For November Ballot, and One Local Billionaire Says He Supports It

A proposed billionaire tax measure has gathered over 1.5 million signatures to qualify for the November ballot, aiming to tax residents with net worths over $1 billion.
California
fromwww.theguardian.com
5 days ago

California billionaire tax proposal garners enough signatures to head to ballot

A proposal for a one-time 5% tax on California billionaires has gathered enough signatures to qualify for the November ballot.
California
fromLos Angeles Times
5 days ago

Billionaire-tax backers say they have enough signatures - times two - to qualify for ballot

A proposed 5% tax on billionaires' assets aims to generate $100 billion for healthcare funding in California.
Silicon Valley
fromFortune
6 days ago

Sergey Brin confronted Gavin Newsom at a treehouse party - then launched a political war | Fortune

California's proposed billionaire tax prompts Sergey Brin to leave the state and fund political opposition against Governor Newsom.
Silicon Valley
fromSFGATE
1 week ago

'Don't leave': Nvidia CEO Jensen Huang tells people to stay in California

Jensen Huang advocates for living in California despite high taxes, emphasizing the state's importance for AI jobs and its favorable climate.
California
fromsfist.com
2 weeks ago

More People Filmed Paying For Forged Signatures on Pro-Billionaire Petitions in SF

Individuals are illegally paying for forged signatures on petitions related to the Billionaire Tax initiative in California.
#california-politics
from48 hills
2 weeks ago
SF politics

Rich people are lying to seniors about the billionaire tax; does the news media care? - 48 hills

California
fromABC7 San Francisco
3 months ago

Here's the potential impact a proposed CA billionaire tax could have on Silicon Valley

California may face a proposed one-time 5% tax on billionaires' net worth that could prompt tech leaders to threaten leaving the state.
California
fromLos Angeles Times
3 months ago

In San Francisco, Newsom rails again proposed billionaire tax, vows to protect homeless Californians

California seeks to protect wealthy business leaders and unhoused residents while opposing a proposed 5% one-time wealth tax on billionaires to raise $100 billion.
SF politics
from48 hills
2 weeks ago

Rich people are lying to seniors about the billionaire tax; does the news media care? - 48 hills

A campaign funded by billionaires misleads Californians about the impact of a proposed billionaire tax on modest retirement savings.
Silicon Valley real estate
fromFortune
1 month ago

The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them | Fortune

Billionaires are relocating from the West Coast to Florida to avoid wealth taxes in states like California and Washington.
Healthcare
fromSan Jose Spotlight
1 month ago

Alvarado: Billionaire tax could save Santa Clara County health care - San Jose Spotlight

Potential health care closures in Santa Clara County threaten patient care and require a one-time tax on billionaires for funding solutions.
California
from48 hills
2 months ago

Democratic candidates run away from the billionaire tax - 48 hills

Most California Democratic gubernatorial candidates at the convention declined to publicly support the proposed billionaire tax; Tony Thurmond alone has openly backed it.
#california-ballot-initiative
fromBusiness Insider
4 months ago
California

Read the letter celebrity lawyer Alex Spiro wrote to Gavin Newsom, warning that his clients will 'permanently relocate' if California's wealth tax passes

fromBusiness Insider
4 months ago
California

Read the letter celebrity lawyer Alex Spiro wrote to Gavin Newsom, warning that his clients will 'permanently relocate' if California's wealth tax passes

US politics
fromsfist.com
2 months ago

Newsom and Lurie Will Both Make TV Ads Against California Billionaire Tax, as Rich Guys Launch Opposition

California billionaires are funding a campaign to defeat a proposed one-time 5% tax on net worth over $1 billion.
US politics
fromwww.aljazeera.com
2 months ago

California mulls a billionaire tax, revealing a deeply divided state

A proposed California one-time 5% billionaire tax aims to replace federal Medicaid funding lost to the OBBBA by preserving Medi-Cal services for vulnerable patients.
fromTechCrunch
2 months ago

San Francisco's pro-billionaire march draws dozens | TechCrunch

A march supporting California's billionaires didn't exactly draw a huge crowd on Saturday - the San Francisco Chronicle counted around three dozen attendees, along with another dozen tongue-in-cheek counter-protesters. To be fair, organizer Derik Kauffman had predicted attendance of only "a few dozen" beforehand. But the "March for Billionaires" has drawn outsized attention on social media because it's such an incongruous idea, and according to Mission Local, journalists nearly outnumbered demonstrators at the event itself, where marchers carried signs with messages like "We ❤️ You Jeffrey Bezos" and "It's very difficult to write a nuanced argument on a sign."
California
Real estate
fromBusiness Insider
2 months ago

Billionaires are fleeing California for Nevada - and not for the nightlife

Nevada is attracting ultrawealthy Californians seeking tax advantages after a proposed California billionaire wealth tax, rapidly boosting Nevada's luxury real-estate market.
fromsfist.com
2 months ago

Pro-Billionaire March Unintentionally Inspires Creative and Hilarious Counter Protest

A few dozen supporters showed up for Saturday's decidedly unironic March for Billionaires protest, which was evenly matched by several members of the press and a group of activists one-upping the sympathizers with a satirical March for Trillionaires rally. As Mission Local reports, a small contingent of billionaire supporters, who claim they're not actually billionaires themselves, held a March for Billionaires protest at Alta Plaza Park in San Francisco's Pacific Heights Saturday morning.
US politics
fromThe Center Square
2 months ago

Senate Dems: 'We in Illinois need to tax'

If you live in Illinois, you pay a greater percentage of your income in taxes than almost anyone of any income stratus anywhere in the country. That's not right,
US politics
California
fromsfist.com
2 months ago

Seven Candidates for Governor Spar at San Francisco Debate, But It Was a Lackluster and Forgettable Affair

Seven California gubernatorial candidates debated in San Francisco; no clear winner emerged and the event drew little attention amid the Super Bowl lead-up.
#wealth-tax
California
fromLos Angeles Times
3 months ago

Amid rising costs, California and L.A. initiatives aim to tax the ultra-rich

California is moving to tax billionaires amid surging billionaire wealth and severe housing unaffordability, sparking concerns that wealthy residents and companies might leave if taxes rise.
#gavin-newsom
fromFortune
3 months ago
US politics

Gavin Newsom's anti-Zohran moment: the California billionaires tax that splits the Democratic Party down the middle | Fortune

fromFortune
3 months ago
US politics

Gavin Newsom's anti-Zohran moment: the California billionaires tax that splits the Democratic Party down the middle | Fortune

fromBusiness Insider
3 months ago

Google cofounder Larry Page continues his exit from California-this time spending $170 million on Florida properties

California has proposed the Billionaire Tax Act, which would impose a one-time 5% tax on residents worth over $1 billion. Page, whose net worth is $269 billion as of January according to Forbes, isn't giving California the option to tax him and is deserting the Golden State for a state on the opposite extreme of taxing the wealthy: Florida. The proposed bill, which doesn't appear on the ballot until November, would retroactively tax billionaires living in California as of January 1.
Real estate
California
fromThe Nation
3 months ago

Ro Khanna Has a New Tech Social Contract for California's Oligarchs

A proposed one-time 5% California billionaire tax would raise funds—primarily for healthcare—to address Medicaid shortfalls, housing insecurity, and extreme wealth concentration.
California
fromenglish.elpais.com
3 months ago

Newsom against the billionaire tax in California: Keys to the fiscal battle

Governor Gavin Newsom opposes a proposed one-time 5% wealth tax on California billionaires, citing asset-tax concerns and potential economic harm.
California
fromTechCrunch
3 months ago

Larry Page loosens business ties to CA amid state's proposed wealth tax, report | TechCrunch

Larry Page is relocating several business entities and reportedly leaving California amid a proposed 5% tax on billionaires with assets over $1 billion.
California
fromBusiness Insider
4 months ago

Business leaders from Palmer Luckey to David Sacks react to California's proposed billionaire tax

California proposes a one-time 5% wealth tax on residents with over $1 billion, prompting business leaders to warn of relocation and mixed responses.
California
fromTruthout
6 months ago

CA Organizers' Proposal Would Tax Billionaires to Mitigate Medicaid Cut Harm

California proposes a one-time 5% tax on roughly 200 billionaires to offset federal Medicaid cuts and fund healthcare services for the 2026 ballot.
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