Commentary: Yes, California should tax billionaires' wealth. Here's why

California’s Proposed Billionaire Tax

California imposed an exit tax for those wishing to flee the state, but with insufficient funding and desperation to maintain tax revenue, the state is

Billionaires Are Exiting California Ahead of a Possible New Wealth Tax

Billionaires are fleeing California ahead of a looming wealth tax, which would be a one-time 5 percent levy on people with net worths in the billions.

Wealth tax threat prompts at least six billionaires to cut ties with California, as about 20 more mull exit: report

The threat of a steep new wealth tax in California has reportedly prompted at least six billionaires including Larry Page and Peter Thiel to cut their ties with the state -- and as many as 20 others could be heading for the exits.

Commentary: Yes, California should tax billionaires' wealth. Here's why

California is home to more billionaires than any other state. It's time to raise their taxes.

Reid Hoffman calls California's proposed billionaire tax 'horrendous' for innovation

Reid Hoffman, the cofounder of LinkedIn, thinks AI will transform, not eliminate, jobs.Dominik Bindl/Getty ImagesReid Hoffman, a prominent Democratic donor, is against California's proposed billionaire tax.The LinkedIn cofounder said the tax would be "horrendous" for innovation.The proposal is "badly designed" and contains "massive flaws," Hoffman said.Reid Hoffman isn't a fan of California's proposed wealth tax, and he said he let Rep. Mo Khann…

Nvidia Chief Staying Put as Billionaires Flee California Wealth Tax

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.