An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.

California's latest attempt to tax extreme wealth is already reshaping the state's economic map, even before a single ballot is cast. A proposed one-time levy on billionaires has prompted at least six ...

Despite Gov. Gavin Newsom vowing to fight the tax, the proposed measure is already driving an exodus of the state's ultrarich.

Sign up for Work in Progress, a newsletter about work, the economy, and how to solve some of America’s biggest problems. Many progressives, however, see the ...

When government grows to dominate ever-larger shares of the economy, and when politicians refuse to be responsible about what they spend, there’s a predictable next move: Insist that the problem is ...

Time was when California was known for being run by a single corporation. In the late 19th century, its state legislature was widely regarded as a subsidiary of the Southern Pacific Railroad, which ...

Backers project, based on Forbes’ billionaires list, that the tax would raise $4.4 trillion over ten years for childcare, housing and a $3,000 per person check to many Americans. Congress and the ...

California's latest attempt to tax extreme wealth is already reshaping the behavior of the people it targets. Google co-founder Larry Page is pulling key business interests out of the state just as ...