Proposition 40
PulseAugur coverage of Proposition 40 — every cluster mentioning Proposition 40 across labs, papers, and developer communities, ranked by signal.
- 2026-08-18 regulatory Prominent billionaires are funding opposition to California's Proposition 40, a proposed wealth tax. source
7 day(s) with sentiment data
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Tax Scholars Oppose California Billionaire Tax in New Survey
A recent survey of tax scholars indicates that approximately 70% would vote against California's proposed "billionaire tax" (Proposition 40). The survey, conducted by Jeff Hoopes of the UNC Tax Center, polled members of…
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Uber co-founder Travis Kalanick flees California to dodge billionaire tax
Travis Kalanick, co-founder of Uber, relocated to Austin, Texas, in December 2025 to avoid California's proposed Proposition 40, a one-time 5% tax on billionaires. This move, completed just before the January 1, 2026, r…
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Switzerland's low-rate wealth tax offers US model amid Prop 40 debate
Switzerland's long-standing wealth tax, characterized by its low rates, serves as a model for the United States as it debates similar proposals. Despite taxing wealth for over a century, Switzerland has maintained its s…
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Zuckerberg stays in California amid billionaire tax concerns
Meta CEO Mark Zuckerberg has agreed to remain in California for eight years, contingent on a new share agreement designed to align his interests with the company's continued presence in the state. This decision comes am…
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Stanford economists warn California billionaire tax could cost state $39 billion
Stanford economists Benjamin Jaros and Joshua Rauh have warned that California's proposed Proposition 40, a one-time 5% tax on billionaires, could result in a net loss for the state. Their analysis, published by the Nat…
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Nvidia CEO Jensen Huang embraces California taxes, unlike other billionaires
Nvidia CEO Jensen Huang has stated his willingness to pay significant taxes in California, contrasting with other billionaires who are leaving the state to avoid proposed tax hikes. Huang views paying substantial taxes …
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Millionaire entrepreneur cancels California move over proposed billionaire tax
A 23-year-old millionaire entrepreneur, Emil Barr, has decided against moving to San Francisco due to concerns about California's tax policies, specifically a proposed billionaire wealth tax. While he would not directly…
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Billionaires Flee UK and California for Monaco Amidst Tax Hikes
Wealthy individuals are relocating to tax-advantaged jurisdictions like Monaco to avoid new tax policies in their home countries. David Reuben, a British property magnate, recently moved to Monaco, which offers no incom…
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Google co-founder Sergey Brin spends $102M to fight California billionaire tax
Google co-founder Sergey Brin has contributed over $102 million to oppose California's proposed Proposition 40, a wealth tax aimed at its wealthiest residents. This measure, if passed, could impose a 5% tax on the state…
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San Francisco Democrats reject billionaire tax, exposing party rift · 1 source tracked
San Francisco Democrats have voted against California's proposed Proposition 40, a one-time 5% wealth tax on individuals with over $1 billion in assets. This decision highlights a significant division within the Democra…
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Consultant who once fought 'billionaire boys' club' now leads opposition to California wealth tax
A political consultant, Ned Wigglesworth, who previously criticized the influence of wealthy individuals in politics, is now leading the opposition to California's Proposition 40, a proposed wealth tax. This measure aim…
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Google co-founders clash over $100M campaign against California billionaire tax
Former Google CEO Eric Schmidt and co-founder Sergey Brin are reportedly in disagreement over the strategy and spending of a $100 million campaign against California's Proposition 40, a proposed billionaire wealth tax. …
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Billionaires fight California wealth tax with millions in donations · 1 source tracked
Several prominent billionaires, including Peter Thiel, Chris Larsen, Sergey Brin, and John Doerr, are collectively donating millions to oppose California's Proposition 40, a proposed one-time wealth tax. This measure, i…
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California billionaires fund $110M campaign against wealth tax · 1 source tracked
California billionaires are funding a campaign to block Proposition 40, a proposed one-time 5% tax on assets exceeding $1 billion, which aims to increase healthcare funding. Major contributions have come from venture ca…
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Mark Cuban clashes with Ro Khanna over California wealth tax
Entrepreneur Mark Cuban publicly clashed with Representative Ro Khanna over California's proposed wealth tax, Proposition 40. Cuban argued that the tax, which targets billionaires' assets, would harm the startup ecosyst…
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Google co-founder Sergey Brin spends $100M to fight California wealth tax · 1 source tracked
Google co-founder Sergey Brin has donated over $100 million to oppose California's proposed wealth tax, Proposition 40. This tax, if passed, would impose a one-time 5% levy on the state's wealthiest individuals, potenti…
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LeBron James caught in California wealth tax fight as billionaires flee state
LeBron James's move from the Los Angeles Lakers to Philadelphia is entangled with California's proposed Proposition 40, a one-time 5% wealth tax on billionaires. The tax's design, which taxes individuals based on their …