California is considering a one-time 5% wealth tax on residents with over $1 billion, potentially impacting tech titans like Larry Page and Mark Zuckerberg. While some, like Nvidia’s Jensen Huang, support it, others warn of capital flight. The proposed tax could retroactively apply from January 1, 2026, if approved.
Related Posts
Ex-India cricketer calls for Shubman Gill’s removal as ODI captain
Former India batter Manoj Tiwary advocates for Rohit Sharma’s immediate return as ODI captain, citing Shubman Gill’s recent struggles. Tiwary believes Rohit’s proven leadership is […]
Odisha ‘harassment’ case: President Murmu meets student who set herself ablaze
President Murmu visited a student in the AIIMS Bhubaneswar burn unit who attempted self-immolation after alleging her sexual harassment claims against a professor were ignored. […]
Twin meteor showers to light up July 29–30 skies with 25 shooting stars an hour
Get ready for a celestial treat. Two meteor showers, Southern Delta Aquariids and Alpha Capricornids, will peak together. The event is expected on July 29–30, […]