California Governor Gavin Newsom warned that a proposed one-time tax on billionaires will backfire by prompting the ...

Big-money billionaires, including Larry Ellison and Sergey Brin, are flocking to ritzy little enclaves at the ...

Sergey Brin, Max Levchin, Eric Schmidt, and others donated $35 million to ballot measure committees in January.

The proposed measure is facing opposition from Gov. Gavin Newsom as some billionaires begin cutting ties with the state.

The 48% polling response still represents a majority, as the poll found 14% of voters remained undecided and 38% were opposed ...

While Newsom has long opposed wealth tax proposals, his obvious presidential ambitions surely play a role in his promises to ...

Billionaire Tom Steyer came out in favor of a proposed tax on California’s wealthiest residents, adding a prominent voice to ...

Craft Ventures, the firm Sacks cofounded, previously announced that he had moved to the Austin area.

Sacks, who who left California for Texas, called out Gov. Gavin Newsom for his delayed opposition to the bill.

President Trump’s tech czar claimed that California’s proposed wealth tax is nothing less than theft. “This is not a tax — ...