#billionaire-wealth-tax

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fromFortune
1 day ago

California Gov. Gavin Newsom doubles down on his criticism of the proposed billionaire wealth tax | Fortune

The comment comes as billionaires in the state have made public their intent to relocate elsewhere in the wake of the tax's proposal. Venture capitalist Peter Thiel, tech investor David Sacks, and Google co-founders Larry Page and Sergey Brin have all taken steps to leave. At the same time, billionaires are dishing out piles of cash to fund a campaign against the ballot initiative. Thiel made his biggest political contribution in years, donating $3 million to a California business group leading the fight against the billionaire wealth tax.
California
California
fromwww.mercurynews.com
5 days ago

Wealth tax would cause California's rich to flee, Gov Newsom warns

A one-time 5% wealth tax on California billionaires risks driving wealthy residents out, shrinking future tax revenue and undermining state budget funding.
fromFortune
2 weeks ago

Peter Thiel makes his biggest donation in years to help defeat California's billionaire wealth tax | Fortune

Venture capitalist Peter Thiel has written his biggest political check in years, donating $3 million to a California business group leading the fight against a proposed billionaire wealth tax. The move positions the Palantir co-founder as one of the earliest and most prominent financiers of an emerging campaign to stop the 2026 Billionaire Tax Act before it reaches voters. Thiel made the $3 million contribution on December 29 to the California Business Roundtable,
Venture
US politics
fromsfist.com
1 month ago

Billionaires Going Berserk on Twitter Over Proposed California Billionaire Tax

A proposed one-time 5% California billionaire wealth tax provokes wealthy individuals' threats to leave despite no signatures collected, highlighting extreme wealth inequality and tax disparities.
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