California’s proposed “Billionaire Tax Act” faces a stern warning from attorney Alex Spiro, representing wealthy residents. He asserts the one-time 5% wealth tax is unconstitutional and will trigger a significant “exodus of capital and innovation.” Spiro argues the measure amounts to confiscation and could force destructive asset sales, urging Governor Newsom to prevent it from reaching the ballot.
Related Posts
Historic first: Church of England names woman archbishop; conservatives push back
Dame Sarah Mullally will become the first woman to lead the Church of England. She was named Archbishop of Canterbury-designate. Her confirmation is set for […]
Bigg Boss 19 reveals the first look of its trophy as the top 5 finalists are announced
Bigg Boss 19’s grand finale is just two days away, with Gaurav Khanna, Tanya Mittal, Amaal Mallik, Pranit More, and Farrhana Bhatt now the Top […]
‘Breaking old pattern’: Rob Thomas’s key takeaways from Netezza founder Jit Saxena
IBM’s Rob Thomas is implementing a “build a little, test a little, learn a lot” philosophy to bridge long-term engineering with immediate commercial needs. This […]