Silicon Valley Voters to Weigh 'Billionaire Tax' Ballot Measure

Silicon Valley voters to weigh ‘billionaire tax’ ballot measure

California Proposition 40, also known as the billionaire tax, is one of the more complicated ballot measures put before voters this November because its fate depends on two other ballot measures.

Silicon Valley voters to weigh 'billionaire tax' ballot measure

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World's first billionaire tax soon? India-born Nobel-winning economist is backing it

US News: Six Nobel-winning economists pen open letter, backing California's plan to impose a 5% one-time tax on billionaires. They say this will kick-start a movement for wealth tax in the US and across the world.

Dan Walters: Taxing billionaires just got more complicated

Proposition 40, which would impose a 5% tax on the wealth of California’s billionaires, is arguably the most important measure placed before voters in this century.

Nobel-Winning Economists Say California Billionaire Tax Could Be "Turning Point in the Battle Between Democracy and Oligarchy’" - RootsAction

As California voters head to the polls this November, their vote on whether to enact a first-of-its-kind billionaire wealth tax may mark “a turning point in the battle between democracy and oligarchy,” says a group of Nobel Prize-winning economists.