Search Results for: wealth tax – Page 11
Business & Economics
How Free Markets Can Address Income Inequality
We support free markets not because some 18th- or 19th-century European philosopher said they’re great. Rather, we support a free market system because experience has shown it delivers more opportunity and prosperity to Americans than any other economic system. That’s not to say that we are blind to the current ...
Blog
When the Public Option Is the Only Option
Single-payer has failed abroad and at home. Yet the call for single-payer from progressives has never been louder. Vermont senator Bernie Sanders (I-VT) and his dedicated followers have been the loudest. In his campaign for the Democratic presidential nomination in 2016, he promised “Medicare for All.” In September 2017, he ...
Blog
Las Vegas shakes, rattles business model to draw back tourists
Las Vegas shakes, rattles business model to draw back tourists Sarah Downey | April 17, 2026 You can’t always bet on a full house so always be ready to adapt — that’s likely the message Las Vegas is getting after the number of visitors fell last year. The national news ...
Blog
Failed Los Angeles fire recovery proves need for self-governance
But why? In Los Angeles, and the rest of the state’s major cities, the public sector has become the city’s dominant political force, drowning out the votes and priorities of everyday citizens. With this imbalance making local politics an often-forgone conclusion, it’s time to consider a possible reform that could restore the competitive ...
Blog
California doubles down on the bullet-train boondoggle
There’s nothing intrinsically wrong — and a lot that’s right — about building a high-speed rail system that speedily transports people across vast tracts of land. Some family members recently returned from a trip to Japan, where they traveled the country on the Shinkansen network of bullet trains. Begun in 1964, the ...
Blog
Does California Need Billionaires?
If supporters are able to rack up 874 ,641 signatures, the 2026 Billionaire Tax Act will appear on the Nov. 3 ballot. Should it pass, it will levy “a one-time 5% tax on billionaire wealth.” Rather than waiting until voters make their decision, a few billionaires have already left California, including PayPal and ...
Blog
Warning signs: Four California cities are facing fiscal crises in 2026
Many California cities will not fare so well on the fiscal roulette wheel. They’re not in Silicon Valley. Their local companies do not include Apple, NVIDIA, Meta/Facebook or Alphabet/Google (whose co-founders are leaving the state, while corporate HQ will remain). Those and many other companies’ rising stock valuations shed tax ...
Blog
Tough Times Ahead for California in 2026
But he won’t be alone. Difficult times are ahead for all Californians. According to Indian government data, that country’s GDP has reached $4.18 trillion in U.S. dollars. By 2030, India’s GDP is projected to be $7.3 trillion. The most recent numbers from the International Monetary Fund, posted in April 2025, has California at $4.1 trillion. The UCLA Anderson School ...
Blog
Deficits may save cities from democratic socialist pipedreams
Deficits may save cities from democratic socialist pipedreams By Sarah Downey | January 23, 2026 In New York City, the newly elected mayor, democratic socialist Zohran Mamdani, has pledged to make free or subsidize everything from rent to groceries, straining the city’s deficit to a projected $12 billion in 2027. ...
Commentary
‘Soak the Rich’ Won’t Rescue Calif. Healthcare
A group of unions in California has proposed a new plan for paying for healthcare — soak the rich. That’s the idea behind the Billionaire Tax Act, a 2026 ballot initiative that would impose a 5% tax on the state’s billionaires in order to raise money for healthcare programs and ...
How Free Markets Can Address Income Inequality
We support free markets not because some 18th- or 19th-century European philosopher said they’re great. Rather, we support a free market system because experience has shown it delivers more opportunity and prosperity to Americans than any other economic system. That’s not to say that we are blind to the current ...
When the Public Option Is the Only Option
Single-payer has failed abroad and at home. Yet the call for single-payer from progressives has never been louder. Vermont senator Bernie Sanders (I-VT) and his dedicated followers have been the loudest. In his campaign for the Democratic presidential nomination in 2016, he promised “Medicare for All.” In September 2017, he ...
Las Vegas shakes, rattles business model to draw back tourists
Las Vegas shakes, rattles business model to draw back tourists Sarah Downey | April 17, 2026 You can’t always bet on a full house so always be ready to adapt — that’s likely the message Las Vegas is getting after the number of visitors fell last year. The national news ...
Failed Los Angeles fire recovery proves need for self-governance
But why? In Los Angeles, and the rest of the state’s major cities, the public sector has become the city’s dominant political force, drowning out the votes and priorities of everyday citizens. With this imbalance making local politics an often-forgone conclusion, it’s time to consider a possible reform that could restore the competitive ...
California doubles down on the bullet-train boondoggle
There’s nothing intrinsically wrong — and a lot that’s right — about building a high-speed rail system that speedily transports people across vast tracts of land. Some family members recently returned from a trip to Japan, where they traveled the country on the Shinkansen network of bullet trains. Begun in 1964, the ...
Does California Need Billionaires?
If supporters are able to rack up 874 ,641 signatures, the 2026 Billionaire Tax Act will appear on the Nov. 3 ballot. Should it pass, it will levy “a one-time 5% tax on billionaire wealth.” Rather than waiting until voters make their decision, a few billionaires have already left California, including PayPal and ...
Warning signs: Four California cities are facing fiscal crises in 2026
Many California cities will not fare so well on the fiscal roulette wheel. They’re not in Silicon Valley. Their local companies do not include Apple, NVIDIA, Meta/Facebook or Alphabet/Google (whose co-founders are leaving the state, while corporate HQ will remain). Those and many other companies’ rising stock valuations shed tax ...
Tough Times Ahead for California in 2026
But he won’t be alone. Difficult times are ahead for all Californians. According to Indian government data, that country’s GDP has reached $4.18 trillion in U.S. dollars. By 2030, India’s GDP is projected to be $7.3 trillion. The most recent numbers from the International Monetary Fund, posted in April 2025, has California at $4.1 trillion. The UCLA Anderson School ...
Deficits may save cities from democratic socialist pipedreams
Deficits may save cities from democratic socialist pipedreams By Sarah Downey | January 23, 2026 In New York City, the newly elected mayor, democratic socialist Zohran Mamdani, has pledged to make free or subsidize everything from rent to groceries, straining the city’s deficit to a projected $12 billion in 2027. ...
‘Soak the Rich’ Won’t Rescue Calif. Healthcare
A group of unions in California has proposed a new plan for paying for healthcare — soak the rich. That’s the idea behind the Billionaire Tax Act, a 2026 ballot initiative that would impose a 5% tax on the state’s billionaires in order to raise money for healthcare programs and ...