A new political effort backed by the Google co-founder Sergey Brin is backing several ballot-measure campaigns aimed at undercutting a proposed wealth tax on California billionaires https://t.co/GyvsQ087pa ...

There are a lot of billionaires in California with their hair on fire right now calling this the end of California because of this tax, which let's let's break down the facts. So, this is a tax that would be a one-time tax of 5% on the total wealth of any billionaire in California. Now, this has not gotten on the ballot yet.So, number one, you have to get the signatures to get on the ballot. Number two, it has to get a majority of the voters in November to pass on that ballot. And three, and this is the mos ...

This is a huge story with a huge price tag. The Wall Street Journal reporting Facebook founder Mark Zuckerberg has bought a $150 million home in Florida. The palatial estate is in the super exclusive Indian Creek area.It kind of makes Zuck say semi neighbor with fellow zillionaire Jeff Bezos along with Carla, Ivanka Trump, Jared Kushner, Tom Brady, and more. Now, it's not clear if Zuckerberg is leaving California or just buying a Florida crash pad. Why not.But I did post on X about it last night and noted t ...

An AI startup founder says he’s planning a ‘March for Billionaires’ in protest of California’s wealth tax https://t.co/bdnuTXltbq ...

From @WSJopinion: California wealth tax backers ignore Proposition 13 lessons. Faced with an onerous levy on assets, taxpayers will vote against it at the ballot box or with their feet, write Jon Hartley and Arthur Laffer.https://t.co/yberhQckf4 ...

And now to our newsmaker of the morning. He is here joining us to discuss the markets, the history of economic bubbles, artificial intelligence, so much more. Bridgewater founder Ray Dallio is with us. Good morning to you, sir. >> Good morning. >> So, you've been uh providing lessons for us for a very long time about economic cycles and where we are and what's going on. The big question in the market right now because we're looking at Nvidia this morning and I think a lot of people are waking up thinking wh ...

Government Policy & Fiscal Challenges - French Prime Minister seeks closed-door talks with lawmakers to pass a budget [1] - Parliamentary debate failed to reach a compromise on a wealth tax [1]

Most Britons would support a wealth tax, a survey shows, underscoring backing for a policy Chancellor Rachel Reeves has ruled out ahead of next month’s budget https://t.co/etCb5qOT6U ...

“We already have taxes on wealthy people; I don’t think we need a standalone wealth tax.”Speaking to @lizzzburden ahead of her speech at Labour's annual conference, Chancellor of the Exchequer Rachel Reeves ruled out a UK wealth tax, citing capital gains tax and inheritance tax. https://t.co/bE3EaurRpk ...

Tax Policy - UK wealth tax ruled out by Chancellor of the Exchequer [1] - Commitment to campaign pledges not to raise key tax levels reiterated [1]