Prop 40 Would Create a First-in-the World-Tax on Billionaires

Prop 40 would create a first-in-the world-tax on billionaires

California voters will decide this November on Proposition 40, a proposal to impose a one-time, 5% tax on billionaires living in the state.

Who Wants to Get Rid of Billionaires?

This November's vote on California's proposed tax on billionaires will have profound consequences. It may just decide whether the state can still be viewed as a desirable place to do business.

California’s Billionaires. Why Not Tax Their Wealth?

California is considering Proposition 40, which would impose a one-time 5% tax on its billionaires. This initiative is seen as a way to generate funds for healthcare, education, and food assistance, given that California is home to around 250 billionaires worth over $2 trillion. However, political analysts suggest that the proposition’s chances of passing are […]

What is California’s Proposition 40? How the proposed 5% billionaire tax could work

California Proposition 40 proposes a one-time 5% billionaire tax to fund healthcare, food aid and education. Here’s how the tax could work.

Billionaires abound in California. Why not tax their wealth?

Billionaires call California home. Why not tax them?

Few states may be better positioned to tax billionaires than California. The state is politically left-leaning, faces significant health care funding needs and is home to as many a...