California Wealth Tax
A proposed 5% tax on the assets of wealthy residents in California that is being resisted by affluent individuals.
Popular moderators
1 / 2
Top picks
A proposed wealth tax on California’s billionaires is “dumb” and wouldn’t generate a dollar for the ...
A proposed wealth tax on California’s billionaires is “dumb” and wouldn’t generate a dollar for the state, tech billionaire Chris Larsen said at the WSJ Tech conference Tuesday. on.wsj.com/3WkmWjy
on.wsj.com

Discussed at bsky.app/wsj.com
What to Watch in California on Election Day
Voters are deciding on whether to pass a wealth tax, who will be the state’s next governor and more. Here are five things we’re watching.
Californians vote on nation’s first wealth tax on billionaires
Some of the state’s wealthiest residents have spent hundreds of millions to defeat Prop. 40, the “billionaire tax.”
Supporters say billionaires should pay their “fair share” and help fund social services.

On the Ballot in California: The Prospects for a National Wealth Tax
The outcome of the state’s ballot initiative for a billionaires tax could set the tone for the broader Democratic debate about how to raise more revenue.
How Billionaires Are Fighting the Prop 40 California Wealth Tax
The latest Silicon Valley billionaire club is a $333 million political ad machine that is heavily engaged in next week’s elections.
Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.

Mark Zuckerberg threatened to leave California over wealth tax
Zuckerberg has agreed to remain in California for eight years as part of a board-approved plan to create new shares he can sell to pay a proposed wealth tax.




