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Progressives are hoping California’s proposed wealth tax — a ballot initiative known as Proposition 40 — will be a launching pad for a nationwide push to tax the “super rich.” But fresh evidence suggests the policy is likely to backfire. A new paper published by the National Bureau of Economic Research finds that the proposed […]

Anti-wealth tax coalitions are pouring over $1 million a day into defeating California's proposed Proposition 40.

California's proposed wealth tax is struggling to reach majority support, battered by an intense opposition campaign and liberals divided over whether a one-time levy is worth losing rich job creators and future revenue to other states.

Meta disclosed this week that CEO Mark Zuckerberg could leave California if voters approve a billionaire wealth tax this November, prompting the company to offer him a financial incentive to stay. The post Meta CEO Mark Zuckerberg Threatens to Leave California if Wealth Tax Passes appeared first on Breitbart .

Gabriel Zucman tries to rebut a Hoover study. A tax and behavior education ensues.

California Republicans are looking to voter frustration over taxes, housing costs, and Democratic leadership to revive their statewide fortunes in November, even as polls show gubernatorial nominee Steve Hilton trailing Democrat by a substantial margin.

More than $351 million in political donations has been poured into a high-stakes contest about a proposed wealth tax on the November ballot, making it one of the most costly campaigns in California history.

Article URL: https://www.nytimes.com/2026/10/21/technology/mark-zuckerberg-meta-california-wealth-tax.html Comments URL: https://news.ycombinator.com/item?id=50217587 Points: 43 # Comments: 49

Proposition 40 is a proposed one-time 5% wealth tax on billionaires.

On-location shooting of film and TV projects has fallen yet again in the Los Angeles area with a drop of another 4.8 percent in the third quarter despite the California legislature's desperate attempts to stop the bleeding with tax incentives. The post Hollywood’s Collapse Continues: Location Filming in L.A. Drops Again in Third Quarter appeared first on Breitbart .

The ad, funded by backers of the wealth tax, castigates Newsom for opposing Proposition 40, the ballot measure that would impose a 5% tax on California billionaires' assets.

Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California

With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.

Zuckerberg worried if the tax passed it could reduce how much control he had over his company but Meta's board struck a deal that quelled his concerns.

Mark Zuckerberg had a dinner-table ultimatum with his board, which came after months of wrangling over the company's financing needs and a proposed California wealth tax. Meta will offer a new class of non-voting shares to existing investors, and Zuckerberg will have a special agreement that will give him the ability to sell some of that stock without diluting his majority voting power. Ed Ludlow, Bloomberg Tech Host has the details. Plus, Jackie Reses, co-founder and CEO of Lead on becoming one of a handful of billionaires to buy a bank - and one that's growing exponentially. Max Levchin, CEO of Affirm on Affirm break down the latest news on his company's exclusive Buy Now, Pay Later partnership with Sam’s Club. And Nancy Tengler, CEO & CIO, Laffer Tengler Investments reacts to Meta and Tesla earnings. (Source: Bloomberg)

The French economist pushing California's billionaire tax should instead see his country as a cautionary tale.

Zuckerberg considered fleeing California if billionaire tax passes

Meta Platforms has struck ‌a deal with Mark Zuckerberg to keep him living in California after the CEO warned he was considering leaving the state that houses the company's headquarters if voters pass a wealth tax proposal next month.

Meta Platforms struck a deal with its CEO Mark Zuckerberg to keep him residing in California as the state prepares to vote on a billionaire tax in November. Zuckerberg’s estimated net worth is about $239 billion, making him the 6th richest person in the world, according to Forbes. He has been negotiating with his own […]

Zuckerberg has agreed to remain in California for eight years as part of a board-approved plan to create new shares he can sell to pay a proposed wealth tax.

Mark Zuckerberg struck a deal with his social media company Meta on Wednesday to help shield him from a potential wealth tax in California.

California's billionaire wealth tax, Proposition 40, looks like a close call based on recent polls. Here is what to know before Election Day on Nov. 3.

On Wednesday’s broadcast of CNN’s “The Story Is,” Rep. Kevin Kiley (I-CA) said that he voted against tariffs that have raised costs, while his Democratic opponent “voted for a gas tax increase that has more than doubled the gas tax The post Kiley: I Voted Against Tariffs That Raise Costs, My Opponent Voted for California Gas Tax That Raised Prices appeared first on Breitbart .

Mark Zuckerberg struck a deal with Meta involving non-voting shares to cover a potential Proposition 40 wealth tax bill while staying in California.

The billionaire considered leaving California over a proposed wealth tax that could have forced him to sell shares and weaken his voting control of Meta.