Newsroom

“A wealth tax is not the right instrument to raise revenues and reduce inequality.”

Editorials warn Proposition 40 “does not solve the state’s health problems” and “will do ongoing harm to the state’s economy”

“El Valle de Coachella necesita soluciones duraderas para los recortes a la salud y el alto costo de vida, no una medida apresurada que promete mucho sin garantizar resultados. Vote No a la Proposición 40.”

“Progressive voters shouldn’t be fooled into propping up the status quo, which is exactly what Prop 40 does.”

Fact checking the false and misleading claim that Prop 40 won’t impact California’s economy or lead those subject to the tax to depart the state.

“[Prop 40] narrowly funnels tax revenues to limited beneficiaries, at the expense of other critical public programs.”

“Una medida que recauda tanto dinero debería poder demostrar, con claridad, cómo ese dinero ayuda a la gente. La Proposición 40 no lo hace. Vote No en la Proposición 40.”

Massive loophole leaves healthcare funding unprotected, California worse off long term

“I favor higher taxes on the ultra-wealthy. But I worry that California’s proposed tax on billionaires will inflict lasting damage on the economy and undermine the state’s status as a global home for innovation.”

The editorial warns that Prop 40 will not collect the revenue it promises, chases away current and future entrepreneurs, and could lead to a much broader wealth tax after the money runs dry.