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Economic Fairness & Tax Policy
Progressive taxation, wealth taxes, safety‑net programs, and anti‑poverty policy.
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Latest in Economic Fairness & Tax Policy
The Billionaire Option
2+ hour, 32+ min ago (514+ words) As Medicare for All experiences a resurgence, Democratic corporatists are undermining the momentum by pushing bandaid solutions that carve out room for private insurers. This is a web version of 🔥 New in The Lever: This 2028 presidential prospect shares his day-one…...
California Billionaire Tax Could Lose Even If Voters Approve It
4+ hour, 9+ min ago (582+ words) Oct 13, 2026 at 11:27 AM EDT California voters will decide next month whether to impose a much-debated one-time tax on the state’s billionaires, but approving the controversial measure may not be enough for it to become law. Ultimately, it will not just…...
Why California’s Wealth Tax Won’t Survive the Courts
4+ day, 20+ hour ago (652+ words) In less than a month, Californians will decide whether to adopt the Billionaire Tax Act (Initiative No. 25-0024, or “BTA”), a 5% levy on the assets of individuals with net worth above $1 billion, on the November 2026 ballot as Proposition 40. Residency Mismatch & Due…...
California’s Wealth Tax Isn’t The Solution to Decades of Bad Promises
7+ hour, 6+ min ago (875+ words) The Unseen and The Unsaid California’s Wealth Tax Isn’t The Solution to Decades of Bad Promises Next month, Californians will vote on Proposition 40 to decide whether to authorize the state to impose a 5% tax on the entire net worth of…...
Newsom backs initiative against retroactive tax on billionaires — The Hill
8+ hour, 39+ min ago (201+ words) California Governor Gavin Newsom has backed Proposition 42, a ballot initiative that would prohibit the retroactive taxation of billionaires envisioned by another state proposal. If approved by voters, the restriction would apply to billionaires who lived in California as of January…...
Letters: Readers on the wealth tax
2+ week, 21+ hour ago (162+ words) I do not support Prop. 40 not because the billionaires will leave California but because the measure would ultimately tap everyone’s savings. I believe a better solution is to encourage the billionaires to fund foundations and give to existing charities. Then…...
If California's Prop. 42 passes with more votes than Prop. 40, it could nullify the billionaire wealth tax
17+ hour, 58+ min ago (845+ words) A proposition on California's November ballot contains fine print that could prevent the so-called California Billionaire Wealth Tax from ever taking effect, even if voters approve both measures. Tax expert and retired election law attorney Chuck Bell describes Proposition 42 as…...
Killing California’s Billionaire Tax: Props 41 And 42
1+ day, 1+ hour ago (1137+ words) Ballots are hard. They are increasingly impenetrable dissertations which means the cost of democracy maybe more and more perplexed voters. This blog helps Californian’s vote with clear information and helps the rest of the world watch the California Billionaire’s bill....
Gavin Newsom backs measure to kill the billionaire tax and ban future wealth taxes
21+ hour, 35+ min ago (595+ words) Not only has Gov. Gavin Newsom vocally opposed the proposed California billionaire tax, but he also wants to prevent the state from ever passing a wealth tax in the future. On Friday he endorsed Proposition 42, a ballot measure that would…...
Newsom backs measure to kill billionaire tax, ban future wealth taxes
1+ day, 1+ hour ago (280+ words) (CalMatters) Not only has Gov. Gavin Newsom vocally opposed the proposed California billionaire tax, but he also wants to prevent the state from ever passing a wealth tax in the future. On Friday he endorsed Proposition 42, a ballot measure that…...