Steve Forbes explains why California’s proposed one-time 5% tax on billionaires is wrongheaded and illustrates the awful consequences of a diminished U.S. dollar.

California's latest attempt to tax extreme wealth is already reshaping the state's economic map, even before a single ballot is cast. A proposed one-time levy on billionaires has prompted at least six ...

It thrills me to read that Peter Thiel and Larry Page may flee California if the state implements a one-time 5 percent wealth tax on billionaires. On fairness grounds, Thiel and Page have no case. If ...

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 ...

California’s proposed wealth tax aims to go after billionaires’ balance sheets, but it largely sidesteps the way many ultrawealthy people actually generate spendable cash: they borrow against their ...