Claims that taxing the rich in California, New York City and Illinois will "only hit billionaires" don't hold water. That's just not how economics works.

Earlier today, one of California’s most powerful unions and two of the nation’s most prominent progressive economists unveiled a 2026 state ballot measure that would establish the nation’s first ...

A proposed billionaire wealth tax in California is sparking debate over whether the measure, if passed, would lead to more harm than good if ultrawealthy residents in the state flee to other locales.

The ultrarich are leaving California as a result of a proposed billionaire tax. "Eat the rich" may be a popular rallying cry, but it's not viable public policy. The measure would create a Billionaire ...

SACRAMENTO, Calif. — A major California healthcare union is pushing a 2026 ballot measure that would impose what they call a one-time emergency wealth tax on the state’s billionaires, raising an ...

Plans for a wealth tax, which is dividing France, have gotten popular around the world as inequality has widened and government debt has risen. Credit...Doug Chayka Supported by By Patricia Cohen ...

Miriam Marra does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...