How the Billionaire Tax Could Make California Poorer

Boston Targets California's Billionaire Tax As A Gateway To AI Industry Growth

Massachusetts business and political leaders are framing California’s proposed billionaire tax as a rare opening to redirect AI talent and companies toward Boston. Of the 20 most valuable venture-backed U.S. AI companies, half have co-founders who attended MIT or Harvard, according to PitchBook data, yet none are headquartered in Massachusetts. California’s proposed one-time 5% wealth tax on individual assets exceeding $1 billion, intended mainl…

California voters back billionaire tax despite warnings it could trigger economic catastrophe: new poll

More than half of likely California voters support a proposed wealth tax on billionaires despite multiple reports on its potential harm to the state's economy.

Contributor: You don't have to be wealthy to worry about California's wealth tax

When the wealth tax inevitably fails to deliver, the state will look for the next available pool of assets.

The Saez-Zucman California Billionaire Tax Proposal Ignores One Important Question

A new Hoover Institution analysis released this week by Joshua Rauh, Tom Church, Daniel Heil, Benjamin Jaros, and John Doran examines that premise in detail. What they find should be deeply uncomfortable for anyone relying on the Saez-Zucman framing.

How the Billionaire Tax Could Make California Poorer

One upcoming ballot measure would expand the state's taxing power. A lesser-known measure would limit it. Which will win?

One Ballot Measure Extends California’s Taxing Power. Another Limits It. Stay Tuned. – The American Spectator | USA News and Politics

Californians will face two competing tax measures this November. The first is the Billionaire Tax Act, a onetime, 5 percent levy on the accumulated net worth of the state’s richest residents. Lesser known is the Retirement and Personal Savings Protection Act, which would draw constitutional lines around what Sacramento can and cannot tax, prohibiting new levies on retirement accounts, personal savings, and individually owned assets and banning r…