California’s Proposed Billionaire Tax Draws Mixed Reactions From Elites, Politicians

California’s proposed billionaire tax draws mixed reactions from elites, politicians

A proposed billionaire tax in California has received mixed reviews among the state’s elite and politicians. The one-time 5% tax on California billionaires would apply to those residing in California as of Jan. 1, 2026, with payment due in 2027. Revenue from the proposed tax would be placed in a dedicated account, allowing the state to [...]

David Sacks opens Austin office as threat of California ‘billionaire tax’ looms

Peter Thiel Responds to the Proposed, Bernie Sanders-Endorsed Billionaire Tax in California

A proposal would levy a 5 percent tax on the net worth of all California billionaires, and Thiel appears to be voting with his feet.