California’s latest technology boom is fueling vast fortunes — and anger over the widening divide between the ultra-rich and everyone else. Now, voters will get a say. Californians are being asked on their November midterms ballot whether to impose a one-time tax on…
Daniel WALDENSTROM is Professor of Economics at the Research Institute of Industrial Economics in Stockholm. He is the author of Richer and More Equal: A New History of Wealth in the West. Both countries also have long traditions of private…
The Times of India
The proponents of a California billionaire tax didn’t just lose their campaign to impose a first-in-the-nation tax on wealthy people’s assets. They also appear to have lost a campaign that will make it harder for them to try again in…
Assemblymember Rhodesia Ransom, D-Tracy, has won reelection to California State Assembly District 13, defeating former San Joaquin County Supervisor Tom Patti in the Nov. 3 general election. Unofficial results from the San Joaquin County Registrar of Voters showed Ransom leading with 41,282 votes,…
SACRAMENTO — Before you worry that some of the nuttier ideas from the Democratic Socialists of America will instantly take root across the country, be sure to consider California, where those viewpoints would presumably be more popular than in most other…
The Frente Amplio estimates its proposed wealth levy would affect about 231,000 people, while 99% of the population would remain outside it. The figures come from the party, which says those affected would represent roughly 1% of income-tax filers. Spain already has a…
Voters in several states endorsed higher taxes on wealthy households in Tuesday's midterm elections, but the most ambitious proposal of all—a one-time 5% tax on California billionaires—appears headed for defeat. The results suggest Americans are willing to ask the…
LOS ANGELES, United States (AFP) — A proposal to levy a one-off tax on billionaires in California appeared to be headed for defeat Wednesday in a vote being watched around the world at a time of growing anger over wealth disparity.
California billionaires track state tax reform developments as ongoing election tallies project a decisive rejection across local precincts. The ballot measure aimed to leverage an extraordinary levy on high net worth individuals to fund public healthcare systems. San Francisco Chronicle…
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