Latest in Economic Fairness & Tax Policy

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As California’s billionaire tax faces defeat, problems for wealthy tech execs may not be over

The Times of India

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California billionaires faced down a tax and won new protections for their wealth

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…

6h agostocktonia.org

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Rhodesia Ransom wins reelection to California State Assembly District 13

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,…

3h agospectator.org

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Even Californians Rejected a Billionaire’s Tax

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…

9h ago

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Colau proposes annual wealth tax of up to 3%

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…

8h agothewealthadvisor.com

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Voters Back Higher Taxes on the Rich. California's Billionaires May Escape.

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…

10h agotribune.net.ph

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Votes against California billionaire tax proposal lead

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.

2h agolatination.com

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California's billionaire tax faces a second obstacle as voters back limits on wealth taxes

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…

7h agodrudge.com

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California Billionaire Tax Defeated

California's proposed billionaire tax appeared headed for defeat on Wednesday in one of the final verdicts from voters in an election week that saw a wave of anti-billionaire sentiment elsewhere. Posted by sitzkrieg at 06:33 PM | 1 COMMENT | permalink | Comment on This…

10h agofinance.yahoo.com

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'Tax the rich' wins in ballot measures across the US

Voters weighed in on tax ballot initiatives across at least 10 states this week, returning verdicts that demonstrate plenty of "tax the rich" sentiment despite the likely failure of California's high-profile plan for a wealth tax. Other successful measures sought to…

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