California's latest attempt to tax extreme fortunes has triggered a high stakes game of financial chicken between Sacramento and some of the richest people on earth. The proposed Billionaire Tax Act ...

Backers project, based on Forbes’ billionaires list, that the tax would raise $4.4 trillion over ten years for childcare, housing and a $3,000 per person check to many Americans.

California remains one of the United States’ most influential crypto hubs. It is home to major firms like Coinbase, Ripple, and OpenSea. The state government has shown openness to blockchain ...

Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been ...

California could be saying bye-bye to billions in tax revenue if voters approve a controversial wealth tax on the state’s roughly 200 billionaires. Ultra-wealthy taxpayers are actively making plans to ...

California’s billionaires have threatened to pack up before—usually over taxes. Now, a new ballot proposal — 2026 Billionaire Tax Act— aimed squarely at the state’s richest is reigniting that debate.

A proposed tax on California’s wealthiest residents is drawing opposition from a growing group of top state Democrats, including a US representative for Silicon Valley and Katie Porter, the former ...