A wealth tax proposal in California is being analyzed by the Tax Foundation, with political figures like Gavin Newsom and Andrew Yang publicly opposing it, and Google co-founders being mentioned as potential taxpayers.
2 reports, 2 independent
Updated Jun 18
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
A wealth tax proposal in California is being analyzed by the Tax Foundation, with political figures like Gavin Newsom and Andrew Yang publicly opposing it, and Google co-founders being mentioned as potential taxpayers.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- David Gamage helped craft a wealth tax proposal in California, which is being reported on by CNBC.Sub-event
- A tax proposal is reportedly driving wealthy residents out of California.Sub-event
- Gavin Newsom opposes a tax measure that would be funded by Google co-founder Sergey Brin.Sub-event
California is considering a wealth tax proposal, drawing opposition from political figures and tech leaders.1 source
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The entities involved
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Google
American multinational technology company, a subsidiary of Alphabet Inc.
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Gavin Newsom
40th governor of California since 2019
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Andrew Yang
American entrepreneur, attorney and political candidate (born 1975)
Nothing else this week.
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