California’s 5% wealth tax gamble could trigger capital flight, including Mark Zuckerberg. What it means for investors who are paying attention

Trading a golden glow for a spot more sunshine.
Forbes

California 5% Wealth Tax On Billionaires Could Pass This Time

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...
The Real Deal

Billionaires flee California as 5% wealth tax ballot measure looms

Billionaires are leaving California in droves in the face of a ballot initiative seeking to place a 5 percent tax on their wealth. At least six dozen billionaires left the Golden State before the new ...
kcra.com

New survey shows 5-way gridlock in California governor's race

BILLIONAIRES TAX GAINING NATIONAL ATTENTION. BERNIE SANDERS RALLYING SUPPORTERS THIS WEEK IN LOS ANGELES, WHERE THE BALLOT INITIATIVE STANDS. I SEE PEOPLE HAVE 5% OF THEIR NET WORTH SIMPLY TAKEN BY ...
CBS News

California could impose a billionaire tax. Here's how it would work and where the money would go.

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.