In the roiling debate over California’s proposed billionaire tax, supporters and critics agree that such policies haven’t always worked in the past. But the lessons they’ve drawn from that history are wildly different. The Billionaire Tax Act, which backers are pushing to get on the November ballot, would charge California’s 200-plus billionaires a one-time, 5%…
The battle over a new tax on California’s billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its ordinary residents. The proposed billionaire tax that triggered the tempest is still far from being approved by voters or even making the…
Warren Buffett is synonymous with ambition, success, and fortune. The former Berkshire Hathaway CEO was once the world’s richest man, famously dethroning Bill Gates in 2008 with a $62 billion net worth, and held the spot for quite some time. But one of the people closest to him didn’t even know how wealthy and successful…
Some of Big Tech’s greatest success stories are from college dropouts. Mark Zuckerberg launched Facebook in 2004 from his Harvard University dorm room (and later dropped out). Bill Gates also left Harvard and cofounded Microsoft with Paul Allen in 1975. But Jeff Bezos, founder of the world’s largest online retailer Amazon, said Zuckerberg and Gates…
The fiery debate about a proposed ballot measure to tax California’s billionaires has sparked some soul-searching across the state. While the idea of a one-time tax on more than 200 people has a long way to go before getting onto the ballot and would need to be passed by voters in November, the tempest around…
One of the best gifts you can give a recent college grad is cold, hard cash. It can serve as a launching pad for establishing themselves as an adult, equipping them to get their first apartment, start paying off those sky-high student loans, and maybe enough to get them some well-earned drinks at their favorite…