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News Wire / economy

California Governor Race Shows Narrow Margin

Mastodon Sacramento 20d13d Impact 7

At least six billionaires are planning to cut ties with California due to proposed wealth tax threats, with approximately 20 others considering leaving the state. An estimated 200 to 300 billionaires currently reside in California. Similar wealth tax discussions are occurring in New York, following campaign promises made by Mayor Sora Mandani. The tax would apply to total wealth, including assets such as stocks and real estate. The measure has reportedly gathered enough signatures to proceed. Candidates frequently interrupted one another, causing the event to get out of hand quickly. It took 30 minutes before a student waiting to ask a question was finally able to speak. The debate was characterized as disorganized and symbolic of the current gubernatorial race. Five candidates are within seven percentage points of each other in the California gubernatorial race.

At least six billionaires are planning to cut ties with California due to proposed wealth tax threats, with approximately 20 others considering leaving the state. An estimated 200 to 300 billionaires currently reside in California. Similar wealth tax discussions are occurring in New York, following campaign promises made by Mayor Sora Mandani. The tax would apply to total wealth, including assets such as stocks and real estate. The measure has reportedly gathered enough signatures to proceed. Candidates frequently interrupted one another, causing the event to get out of hand quickly. It took 30 minutes before a student waiting to ask a question was finally able to speak. The debate was characterized as disorganized and symbolic of the current gubernatorial race. Five candidates are within seven percentage points of each other in the California gubernatorial race. Polling shows Tom Steyer at 15%, Javier Becerra at 13%, Hilton at 16%, Chad Bianco at 10%, and Katie Porter at 9%. Javier Becerra has reportedly made the largest gains in recent polling. The race is described as the closest seen in decades.

Topics

wealth tax billionaires California economy

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Sources · 7 independent

Mastodon

“Wealth tax threat prompts at least six billionaires to cut ties with California, with about 20 more mulling exit: report”

WAMU 88.5 DC

“These billionaires are going to learn that we are still living in a democratic society where the people have some power. That's Senator Bernie Sanders in California in February rallying for a billionaire tax being proposed in that state.”

Bluesky Social

“前 200 位亿万富翁去年缴纳了大约 23% 的所得税收入。据估计,由于提议的财富税将追溯至 2026 年 1 月 1 日,这些亿万富翁中近一半已经搬迁到其他州。”

SRF 4 News

“Gavin Newsom zum Beispiel, der Gouverneur von Kalifornien ist auch nicht so begeistert von dieser Steuer für die Superreichen, weil er befürchtet, dass es dann möglicherweise eben zu Abwanderungen kommen könnte.”

NBC News Radio

“Backers of the measure say they have enough signatures to put it up for a vote on the ballot in November. In fact, they say they have double the amount of signatures needed.”

NBC News Radio

“Google employees are urging their CEO to reject. to put it up for a vote on the ballot in November. In fact, they say they have doubled the amount of signatures needed.”

NBC News Radio

“Backers of the measures say they have enough signatures to put it up for a vote on the ballot in November. In fact, they say they have double the amount of signatures needed.”

NBC News Radio

“Backers of the measure say they have enough signatures to put it up for a vote on the ballot in November. In fact, they say they have doubled the amount of signatures needed.”

NBC News Radio

“They claim the tax is necessary to support health care and other needs in the state. Opponents, including Governor Newsom, say it will drive people and businesses with deep pockets out of California.”

NBC News Radio

“Attacks on billionaires in California is just one step closer to going before voters. Backers of the measure say they They have enough signatures to put it up for a vote on the ballot in November.”

SRF 4 News

“Gavin News, zum Beispiel der Gouverneur von... von Californien ist auch nicht so begeistert von dieser für die Superreichen, weil er bichte, dass es dann möglicherweise eben Abwanderungen könnte”

SRF 4 News

“es geht hier um 5 Prozent, die einmal gezahlt werden sollen von den Milliardären in Kalifornien ihren Gesetz haben und diese 5 Prozent greifen nur auf die einen. Sollen dann eben auch die Vermögen beinhalten also sprich Aktakete, Immobilien und was es man sonst noch alles vermögen gibt.”

KQED FM

“I've seen riots more organized than this debate. This got out of hand pretty quickly. Candidates competing to jump in over each other.”

KQED FM

“This CBS YouGov poll, it's one snapshot, but it does match with other public polling that we've seen with a kind of consistent top five.”

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