US EditionReport: Billionaires mull leaving Calif. over proposed ‘wealth tax’
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.3 Articles
3 Articles
Report: Billionaires mull leaving Calif. over proposed ‘wealth tax’
Billionaires, including Google CEO Larry Page and PayPal co-founder Peter Thiel, are reportedly considering leaving California by the end of the year due to the threat of a proposed “wealth tax.”
California Wealth Tax Odds Signal Uncertainty as Billionaires Leave the State
Prediction markets are currently pricing the California billionaire tax odds of passing between 49% and 56%, still basically a coin flip. But it’s a gamble that several ultra-wealthy residents aren’t willing to take. Even though the proposed one-time 5% wealth assessment is not guaranteed to make it onto November’s ballot, the mere threat of the tax is already reshaping behavior. Billionaires are reportedly cutting ties with California and racin…
In November, a referendum could ask the richest Californians to pay for it. Some are already fleeing.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
