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Plus: the costs of France's welfare state, María Corina Machado returns to Venezuela, and Republicans brace for the midterms.

Nearly 70 million Trump Accounts have been created since July 4th, but parents must claim them through the app to unlock the $1,000 seed contribution.

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.

Plus: Brazilian presidential elections, passing by Cuba, Taiwanese families who hate Arizona's schools, and more...

Pursuing benefit cuts over tax hikes would grow the economy and reduce the national debt burden.

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.

Do you make $184,500? Congratulations! Abdul El-Sayed will help the government to 12.4% of it.

The newly introduced Motion Picture, Television, and Entertainment Revitalization Act seeks to implement a federal tax incentive to combat the trend of film and television production moving overseas.

The next Powerball drawing will take place on Monday night.

United Airlines CEO Scott Kirby's call for a near-100% inheritance tax sparks fierce debate over property rights and the American Dream.

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.

Leading restaurateur says Gulf countries actively help businesses set up, while east Asia has a better work ethic Some of London’s top restaurants are opening branches in Dubai because of a “tax tsunami” in the UK and better work ethic abroad, according to a leading restaurateur. James Robson, a co-owner of Fallow in St James’s Market, regarded as the capital’s hottest restaurant, serving 1,000 people a day, has just signed a deal to open an outpost in the Gulf. Continue reading...

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

During an interview aired on Friday’s broadcast of the Fox News Channel’s “Special Report,” Michigan Democratic U.S. Senate nominee Abdul El-Sayed responded to questions on whether middle-class taxes will rise under Medicare for All by saying that prices won’t rise, The post El-Sayed on if Middle-Class Taxes Will Rise Under Medicare for All: ‘Prices Are Not Going to Go Up’ appeared first on Breitbart .

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.

Among the stakes in next month’s election is the long-running question of whether tax cuts can shape how people vote.

When the cost of goods becomes too expensive, American consumers either stop buying something or replace it with something else. It's called “elastic demand.” But not when it comes to beef. Bloomberg's Deena Shanker joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to talk about America's love of beef and how meat prices have become a political battleground in the midterm elections. (Source: Bloomberg)

The Wall Street Journal editorial board on Thursday took GOP Sen. Roger Marshall (Kan.) to task for backing an elimination of the cap on income subject to Social Security taxes. Marshall, the Journal editorial board wrote, is in “favor of what would be one of the largest peacetime tax increases in recent decades” by advocating...

Fortunately, we do better on overall economic freedom, despite losing ground.