wealth tax – Page 2 – California Globe

California Legislature’s Race to Marxism: 2023 Proposed Legislation Reveals Hard Left Turn

April 10, 2023 2:47 pmApril 12, 2023 7:15 am

A review of the 2023 legislation proposed by California lawmakers exposes what is really happening in California – the rise and rule of Marxism in the once Golden State. According to Karl Marx, the Marxist revolution would be led by...

Gov. Gavin Newsom Announces Opposition to Wealth Tax Proposal

February 18, 2023 9:18 amFebruary 18, 2023 9:18 am

Governor Gavin Newsom announced his opposition to the AB 259 by Assemblyman Alex Lee (D-Silicon Valley), the wealth tax bill earlier this week, cementing that the bill would ultimately not be passed this year even if passed by both the Assembly...

New Wealth Tax Introduced in California

January 21, 2023 8:08 am

On January 19, a new wealth tax was introduced in the California Legislature. Assembly Constitutional Amendment (ACA) 3 was introduced by Assemblyman Alex Lee (D-Palo Alto), along with co-authors Assembly Members Ash Kalra, Wendy Carrillo, Matt Haney, Corey Jackson, Liz...

New Wealth Tax Proposal in California in Assembly Bill 2289

February 17, 2022 4:15 pmFebruary 17, 2022 6:04 pm

On February 16, Assembly Member Alex Lee, along with co-authors Assembly Members Wendy Carrillo, Ash Kalra, Luz Rivas, and Mark Stone, introduced Assembly Bill 2289 to create a wealth tax in California. The bill would amend Section 12651 of the...

California Wealth Tax Proposed in Constitutional Amendment

March 23, 2021 11:23 amMarch 26, 2021 6:48 am

On March 22, Assembly Members Alex Lee, Wendy Carrillo, Lorena Gonzalez, Miguel Santiago, Ash Kalra, Luz Rivas, and Mark Stone introduced Assembly Constitutional Amendment 8 to propose a wealth tax to be placed before the voters. Officially, ACA 8 is...

California’s General Fund Relies on the Super Rich and Federal Bailouts

January 13, 2021 2:15 amJanuary 13, 2021 6:11 pm

One of the biggest reasons California’s technology moguls supported the Biden/Harris candidacy had nothing to do with ideology. It had to do with their pocketbooks. Because with a Californian presiding over the Senate, and a Californian Speaker of the House,...

Jeffrey Gundlach, Other Wealthy Californians Threaten To Leave California If Wealth Tax Is Passed

September 29, 2020 2:37 amSeptember 28, 2020 8:39 pm

During the weekend, a new round of wealthy Californians, including Billionaire Jeffrey Gundlach, threatened to leave California should the new proposed wealth tax be passed, putting pressure on lawmakers who hope to pass the proposed bill next session. Wealth tax...