Billionaire investor Nick Hanauer (TED, 2014) on the stories the ultra-wealthy tell to justify low taxes for themselves. Prop 40 is on California’s Nov 3 ballot. It would impose a one-time tax of up to 5% on taxpayers and trusts with covered assets valued over $1 billion, with 90% of revenue going
Billionaire investor Nick Hanauer (TED, 2014) on the stories the ultra-wealthy tell to justify low taxes for themselves. Prop 40 is on California’s Nov 3 ballot. It would impose a one-time tax of up to 5% on taxpayers and trusts with covered assets valued over $1 billion, with 90% of revenue going
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Published on 21/10/2026 21:28
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Billionaire investor Nick Hanauer (TED, 2014) on the stories the ultra-wealthy tell to justify low taxes for themselves. Prop 40 is on California’s Nov 3 ballot. It would impose a one-time tax of up to 5% on taxpayers and trusts with covered assets valued over $1 billion, with 90% of revenue going
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