Dossier
Michael Cole
Coverage of Michael Cole in the Nexus archive.
- The California billionaire tax is headed to the ballot. The ultrawealthy are bracing for what comes next.
California's proposed billionaire tax, a one-time 5% levy on net worth, will appear on the November ballot after opponents failed to block it. Billionaires are preparing to leave the state or reduce ties, with legal challenges and campaign fights expected if the measure passes.