3 articles
California's proposed wealth tax is drawing fire from gubernatorial candidate Steve Hilton and economists who call it a "disaster." Critics argue it will drive away wealth creators and fail to generate revenue, citing a history of similar taxes not working successfully.
California's gubernatorial debate was canceled due to disputes over candidate inclusion, highlighting political tensions. Meanwhile, Meta was ordered to pay $375 million in a landmark case finding the company enabled child predators, though Meta plans to appeal.
California faces an estimated $430 billion in fraud over five years, potentially making it the nation's fraud capital. Gubernatorial candidate Steve Hilton argues this corruption is at the root of the state's high taxes and poor results. The issue impacts businesses and investors by raising costs and deterring investment.
