Mark Cuban warns he'll pull startup investments from California if the proposed billionaire wealth tax passes, calling ...

Mark Cuban and Rep. Ro Khanna clashed over California Prop 40. Here are Cuban's 4 key arguments against the 5% billionaire wealth tax—and where Khanna pushes back.

DoorDash (DASH) co-founder Tony Xu's estimated Prop 40 liability reaches 173% of his shares' actual value due to a voting-equity stake mismatch. America's 989 billionaires hold a combined $8.4 ...

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Backers of the proposed California billionaire tax believe they have gathered enough signatures to get the initiative on the November ballot, according to people familiar with the campaign, likely ...

The wealth tax would apply a 5% tax to all global assets to anyone with a net worth of $1.1 billion or more residing in California. Meta CEO Mark Zuckerberg arrives at court in Los Angeles in February ...

Leaders of the state Democratic Party endorsed the ballot measure slated for November, but the party remains far from united on the issue as Democrats nationwide grapple with a growing wealth gap.

“Good riddance.” That was the response from one California commentator when several billionaires announced plans to leave the Golden State late last year to avoid a proposed “billionaire tax.” The ...

Brin has been pouring money into Building a Better California, a group that's backing two measures that could nullify a proposed billionaire tax.

California could be on the verge of punching itself in the … pocketbook. A proposed wealth tax on billionaires would not only drive California’s richest residents out of the state, but it could also ...