Mid-Year Movers and the California Wealth Tax

Proponents of California’s Wealth Tax Unintentionally Make the Case Against It

Emmanuel Saez and Gabriel Zucman’s new paper in support of the measure raises concerns that could doom the proposal in the courts.

Commentary: Why billionaires shouldn’t fuss over the wealth tax

Billionaires and their closest allies recently launched a full-court press against California’s proposed wealth tax, which would levy a one-time 5% tax on billionaires’ net worth. Google co-founder Sergey Brin, now worth nearly $300 billion, likens the tax to Soviet…

A Case for CA Billionaire Wealth Tax

Emmanuel Saez & Gabriel Zucman, New York Times Silicon Valley's growth over recent decades has made California rich — and one of the most unequal places in America.

Economists Gabriel Zucman and Emmanuel Saez, the two 'Frenchies' campaigning to tax the fortunes of California's billionaires

California's 250 billionaires have amassed staggering wealth while paying very little in taxes, the two French researchers criticized in an op-ed for the 'New York Times.' They support a proposal for a one-time 5% wealth tax, which will be put to a referendum on November 3.

Mid-Year Movers and the California Wealth Tax

If approved by voters, the wealth tax will face a flurry of serious legal challenges—some to its overall constitutionality, and some regarding who can be taxed and to what degree if the tax survives broader legal scrutiny.