A fresh push by states going after new money and old. Earlier this summer, Rhode Island passed what some are calling the Taylor Swift Tax. The real name is the Nonowner Property Tax Act.It's basically a sir charge for people who don't live in Rhode Island year round and have a second home in the state worth more than a million dollars. >> Taylor right here. >> So why Taylor Swift.Well, she owns one of the most expensive properties in all of Rhode Island at roughly $28 million. Nearly half of the homes value ...

France’s slide into political and fiscal dysfunction is generating support for a sweeping wealth tax that would represent a radical break from the pro-business agenda of President Emmanuel Macron https://t.co/SQXrV9M9AI ...

Bernard Arnault has waded into an ongoing debate on how to restore France’s finances, calling an economist who has advocated a wealth tax a far-left activist whose ideology will destroy the country’s economy https://t.co/LRexZ7PiF7 ...

Colombia’s richest citizens face a more than threefold increase in the top rate of wealth tax on their assets, as well as higher levies on salaries and luxury goods, according to a tax bill sent to congress https://t.co/djevCEE0XS ...

Concerns around wealth taxes are prompting worries that the UK’s ultra rich are moving abroad — but the business of managing their fortunes is still largely staying in London https://t.co/gugCgJ3FWo ...

More than half of UK millionaires in a survey signaled they’d be more likely to leave the country if the Labour government introduces a new wealth tax https://t.co/b645ZzaFLw ...

A record 142,000 millionaires are on the move this year, marking the largest wealth migration in modern history. But the real story isn't just the number, not more numbers. It's more about who's winning, who's losing, and what winning and losing really mean in this context.For the first time, the UK is hemorrhaging millionaires faster than any other country, even China. So, what's happening here. Where are the wealthy going.And what does a great wealth flight mean for the countries they leave behind and for ...

With the UK's public finances showing no sign of improvement, some are campaigning for a wealth tax as an easy and relatively painless money-raiser. But as Dan Neidle of Tax Policy Associates points out in a new report, it'd be a disaster. https://t.co/msmIGEBUfE ...

Tech CEOs and VCs Balk At Whiff of a UK Wealth Tax https://t.co/dqYLJu6Cc5 ...

Market Trends & Potential Risks - Zoran Mandani's primary win in New York City's mayoral race has sparked wealth panic, with some business owners and developers threatening to leave if he becomes mayor [1] - Florida real estate brokers have seen a surge of interest from wealthy New Yorkers after Mandani's primary win [2] - Developers are freezing projects in New York, and business owners are considering shutting down or leaving the city if taxes increase [2] - Governor Hokll stated that he doesn't want to lose any more people to Palm Beach, indicating resistance to raising city income taxes [4] - Safety concerns, particularly regarding the NYPD and proposed changes to policing strategies, are a significant factor influencing decisions to stay or leave New York City [6][7][8] Financial & Economic Impact - Mandani proposes adding a 2% income tax on New Yorkers making $1 million or more a year [2] - This would bring the top combined city and state income tax rate to 168% and the combined federal, state, and city rate to 538% for top earners in New York City [3] - Despite concerns, 72 contracts were signed for properties priced at $4 million or more since Mumani's election, up 13% from last year [5] - New York's millionaire population has doubled over the past decade, with over 33000 people worth $30 million or more [5] Political Landscape - The mayor's power is limited due to the influence of the governor, especially regarding taxes, safety, and sanitation [11] - Zoran Mandani is perceived as a better candidate than expected and is seen as engaged in listening to concerns [10]