Hochul Targets Luxury Second Homes With New Tax
#WealthTax #NYCPoliticsGov. Hochul proposes a new tax on NYC second homes over $5M, a compromise after resisting broader wealth taxes. The plan aims to raise $500M annually, hailed by Mayor Mamdani as a step toward taxing the ultra-wealthy. read more
Sanders Proposes 5% Billionaire Wealth Tax
#WealthTax #EconomicJusticeBernie Sanders proposes a 5% wealth tax on 938 US billionaires to raise $4.4 trillion over a decade. This would fund social programs, address inequality, and ensure the ultra-rich pay more, as they currently have lower effective tax rates than average workers. read more
Billionaire Tax Protest Draws Crowds in San Francisco
#WealthTax #CaliforniaPoliticsA "March for Billionaires" is underway in San Francisco, organized by a startup founder to protest a proposed one-time state wealth tax. The tax aims to fund healthcare, but opponents argue it could harm California's tech economy and drive away the ultra-wealthy. read more
Brian Cox Urges Wealth Tax Amid Concerns Over Wealth Inequality
#WealthTax #InequalityAcknowledgeA 'Not My President's Day' protest in New York on 17 February 2025 featured in a photograph by Gina M Randazzo. Brian Cox highlights the dangers of extreme wealth, focusing on Donald Trump and his wealthy allies while calling for a global wealth tax. read more
#wealthtax #billionaires
Mexican billionaire Ricardo Pliego's luxury yacht Lady Moura. Calls for a 2% annual global tax on billionaires like him are rising. The tax aims to address wealth disparities, with support from Joe Biden and Gabriel Zucman. read more
#PrivateSchools #WealthTax
Labour's proposal to remove VAT exemption on private schools is positively received by the public despite potential impact on rising school fees. Second home owners and wealthy individuals find it challenging to gain sympathy amidst public concerns over cost of living. read more