All articles tagged with #billionaires tax
California lawmakers propose a billionaire wealth tax that could affect the state's ultra-wealthy, sparking protests in Silicon Valley and drawing Gov. Gavin Newsom into a high-stakes political confrontation over taxation of extreme wealth.
Venture capitalist Peter Thiel donated $3 million to a California Business Roundtable political committee opposing a proposed wealth tax on billionaires, part of a broader push by Silicon Valley elites to defeat the measure ahead of the November ballot; the donation marks the first seven-figure contribution in the effort and more large gifts are expected.