Tagged: confiscation tax

November 4, 2026 @ 1:45 pm By JD Alois  |  

The California Confiscation tax, or wealth tax, appears to be headed for defeat. While final results are pending because of mail-in ballots, the current approval gap suggests the tax likely won’t pass. Proposition 40 was created to punish affluence in California. It would assess a… Read More

November 3, 2026 @ 11:39 am By JD Alois  |  

Election day is here, and in California, a key ballot measure that could harm the innovation ecosystem the world envies is on the ballot. The California Confiscation Tax, or “wealth tax” (Proposition 40), could push innovators and investors further away from the Golden State. The… Read More

September 10, 2026 @ 6:01 pm By JD Alois  |  

There has been much discussion about California’s shortcomings and the rise of the Sunshine State. While California has incredible natural beauty, it falls short in governance, infrastructure, and tax burdens. Florida, by contrast, has a balanced budget, no income taxes, and is expected to soon… Read More

June 18, 2026 @ 12:05 pm By JD Alois  |  

The confiscation tax proposed in California has gathered enough signatures to place the issue on the November ballot. The tax initially targets wealthy individuals worth over $1 billion. As it is typical to have this type of wealth held in shares, frequently private shares with… Read More