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How Billionaires Are Fighting the Prop 40 California Wealth Tax
🇺🇸 United States · Economy · California · 1 h ago
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26.10 11:02 UTC
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Anti-wealth tax coalitions are pouring over $1 million a day into defeating California's proposed Proposition 40.
Even California’s Democratic labor unions are split , with AFSCME, the Teamsters, and the California Labor Federation supporting the wealth tax, while the California Teachers Association opposes it.
Zuckerberg Makes a Deal With Meta to Stay in California
Stanford economists have determined that seven billionaires have already moved out of the state, taking with them some $540 billion in taxable income.
In return, he will live in California, or wherever Meta is based, for eight years while he leads it.
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