An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.

115 saw their wealth increase, of which 60 were new faces, whilst 50 saw their wealth go down or stay the same, of which 15 ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: The skyline of Lower Manhattan is seen at dawn from across the Hudson River in New York City, U.S., October 18, 2025.

The number of billionaires worldwide continues to rise, and their wealth is growing at an accelerating pace, according to a report published by Oxfam ahead of the start of the World Economic Forum in ...

Opponents of California’s proposed 2026 Billionaire Wealth Tax Act repeat a familiar warning: tax the wealthy and they will leave. The claim has rhetorical force; it makes sense on the surface — don’t ...

Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.

A proposal to tax California’s billionaires is testing the limits of America’s enthusiasm for making the über-rich pay their ...

Billionaire wealth jumped by over 16 percent in 2025, three times faster than the past five-year average, to $18.3 trillion – its highest level in history, according to a new Oxfam report today as the ...

In November, Californians will consider a ballot measure to implement a 5 percent wealth tax on billionaires, which proponents say will generate $100 billion in revenue. It turns out the tax would ...

The threat of a steep new wealth tax in California has reportedly prompted at least six billionaires including Larry Page and Peter Thiel to cut their ties with the state — and as many as 20 others ...

It’s a political earthquake. The wealthiest Californians are fleeing the state and taking their capital, resources and companies with them. The SEIU United Healthcare Workers West, a statewide union ...