Will California’s Billionaire Tax Pay Off? New Studies Sharply Disagree

California’s Billionaire Tax Proposal Is Already Doing Damage

Shawn Regan, CJ The state lost an estimated $536 billion in wealth from its tax base—before the initiative even qualified for the ballot.

Google Co-Founder Sergey Brin pumping $45 million to fight California’s ‘Billionaire Tax’

Sergey Brin, the billionaire co-founder of Google, has committed roughly $45 million to a group opposing the measure called Building a Better California, according to the Wall Street Journal.

California: Can Billionaire Tax Cure Healthcare Woes?

California’s $200 billion-a-year Medicaid program, known as Medi-Cal, is one of the largest public healthcare systems in the nation. Behind the staggering price tag lies a program repeatedly flagged for waste, mismanagement, and fraud, raising fresh doubts as state leaders…

USA Today: Californians Want To Tax Billionaires. They’re Threatening To Leave.

Carl Davis, research director at the Institute on Taxation and Economic Policy, predicts the number of billionaires who might leave California over the billionaire tax “will be greater than zero, but still very, very small.”

Will California’s billionaire tax pay off? New studies sharply disagree

A one-time tax on California’s billionaires could bring the state a $100 billion windfall, staving off brutal cuts to healthcare services across the state caused by the 2025 Republican megabill.

California’s Tax Proposal Is Already Backfiring

Today, we’re looking at myths about homelessness, Mayor Zohran Mamdani’s Office of Community Safety, the success of four charter schools in the South Bronx, misperceptions about the American melting pot, and an Australian’s impressions of Mexico.