California billionaire wealth tax campaign shows $351 million funding gap

Los Angeles Times • 24 Հոկ 10:00

Opponents of Proposition 40 have raised more than $316 million, while supporters have collected about $34 million, making the campaign one of the costliest in the state's history.

BBC • 23 Հոկ 23:11

A statewide proposition would impose a wealth tax on residents with net worth of at least $1 billion, aiming to raise $100 billion for health-care funding, while opponents warn it could drive wealthy residents out of the state.

Fortune • 21 Հոկ 20:42

A new NBER paper estimates Proposition 40’s one-time wealth tax would raise about $30 billion, but projected billionaire out-migration could ultimately cost the state roughly $39 billion.

CBS News • 18 Հոկ 13:27

Proposition 40 would levy a 5% tax on the net worth of roughly 200 California billionaires for five years, aiming to raise $100 billion for health-care, while opponents warn it could drive wealth out of the state.

The Guardian • 16 Հոկ 13:00

Tech billionaires have raised more than $340 million to fund a campaign that is spending over $1 million a day to defeat Proposition 40, a one-time 5% wealth tax slated for the November ballot.