What is the "buy, borrow, die" tax strategy Gavin Newsom wants to ban?

As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.

• Jul 2

California could impose a billionaire tax. Here's how it would work.

Proposed California ballot initiative would impose a one-time 5% tax on billionaires, with the revenue funneled toward health care and education.

• Jan 2

Study highlights growing gulf between wealthy and everyone else in Silicon Valley

Len Ramirez reports on a new report illustrating Silicon Valley's large wealth gap.

• Mar 31, 2025

The more wealth you have, the happier you get, research finds

Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.

• Jul 26, 2024

Survey: 40% of Black women in California are teetering on financial brink

A new California Black Women's Think Tank survey finds that two out of every five Black women in California are just a paycheck away from financial instability.

• Aug 9, 2023

Sonoma County launches guaranteed income pilot program for low-income families

Hundreds of low-income families in Sonoma County will begin to receive $500 a month in a two-year trial of a new guaranteed income program, the county announced Wednesday.

• Feb 23, 2023

San Jose assemblyman proposes state wealth tax ahead of SOTU

President Biden is expected to once again propose a wealth tax during his State of the Union, even after the idea failed to gain traction when Democrats controlled both houses of Congress.

• Feb 7, 2023

200 millionaires say inequality is "eating the world alive"

Tax cuts enacted under President Donald Trump have allowed rich to become richer while national debt has soared.

• Jan 18, 2023