Column: Prop. 40 won’t solve the healthcare emergency – it will just leave California worse off
“Making billionaires pay their fair share sure sounds nice, but measures like Prop. 40 will only leave Californians worse off.”
Op-Eds & LTEs
Press coverage, statements, and updates on Prop 40.
Column: Bucking state party, S.F. Dems vote to oppose California billionaire tax
The group opposed endorsing Prop 40 by a margin of 17-4
Opinion: California billionaire tax could push founders away
“By signaling that wealth taxes are part of the state’s revenue toolkit, [Prop 40] would force the next round of entrepreneurs to think long and hard about starting businesses in the Golden State.”
Opinion: It Failed in France. It Would Be a Disaster in California.
“A quick look at the math underpinning the proposal… shows that the first net wealth tax in modern U.S. history would provide the state little and endanger its economic core.”
Opinion: The ‘billionaire tax’ would hurt those it is supposed to help
“…this proposal is fatally flawed.”
Analysis: The California Billionaire Tax Act – Delayed, Contested, and Uncertain Revenue
“…[Prop 40] is not a reliable near-term funding solution and should not be treated as one.”
Letter to the Editor: California can’t afford to drive its wealthiest citizens out of the state
“Taxing billionaire residents to resolve this problem poses major risks.”
Opinion: California Can’t Afford the Reckless Gamble of a Billionaire Tax
“This proposal carries far too much legal and administrative risk, diverting attention from the sustainable reforms that are needed to protect critical public services in California.”