16 Hrs
Source:
New York Post
Source: New York Post
16 HrsNew York Post
Source: New York Post
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California billionaire Don Hankey says he moved to Las Vegas before the residency deadline for Proposition 40, a proposed wealth tax, and warned the measure is driving wealthy residents away. A Stanford study found at least seven billionaires with nearly $540 billion in combined wealth had cut ties with California, while more than 100 economists, including four Nobel laureates, warned the tax could reduce income-tax revenue and face legal challenges. Supporters say the levy would fund health care and other services; opponents are preparing to sue if it passes.
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