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California's proposed wealth tax is being actively opposed by billionaires who argue it will negatively impact economic growth and investment.

PoliticsEconomicsOct 27, 2026score 0.552 posts · 0 replies across 1 instances
The thread discusses the conflict between billionaires and California's proposed wealth tax, highlighting the political and economic implications of the tax proposal. It emphasizes the opposition from wealthy individuals and the potential impact on state revenue and wealth distribution.

Claims

California's proposed wealth tax is being actively opposed by billionaires who argue it will negatively impact economic growth and investment.
Parent: Tax PolicyEntity: California's Proposed Wealth TaxImpact: negativeDate: Oct 27, 2026Target: California's proposed wealth tax

Source posts

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Inside the Billionaires' War Against California's Proposed Wealth Tax (New York Times) https://www.nytimes.com/2026/10/27/technology/proposition-40-california-billioniare-tax.html http://www.memeorandum.com/261027/p46#a261027p46
0 boosts · 0 favs · 0 replies · Oct 27, 2026
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Inside the Billionaires’ War Against California’s Proposed Wealth Tax https://www.nytimes.com/2026/10/27/technology/proposition-40-california-billioniare-tax.html?utm_source=flipboard&utm_medium=activitypub Posted into Politics @politics-newyorktimes
7 boosts · 0 favs · 0 replies · Oct 27, 2026