6 Nobel Economists vs. Ripple's Chairman: Who Wins California's Billionaire Tax Fight?
Six Nobel Prize-winning economists endorsed California’s Proposition 40 on September 19. This measure would place a one-time 5% tax on the wealth of the state’s billionaires. The measure reaches the November 3 ballot with about $100 billion at stake, and Ripple Labs executive chair Chris Larsen has already spent more than $10 million to defeat The post 6 Nobel Economists vs. Ripple's Chairman: Who Wins California's Billionaire Tax Fight? appeared first on BeInCrypto.
Key Takeaways
- Six Nobel Prize-winning economists endorsed California’s Proposition 40 on September 19.
- This measure would place a one-time 5% tax on the wealth of the state’s billionaires.
- The measure reaches the November 3 ballot with about $100 billion at stake, and Ripple Labs executive chair Chris Larsen has already spent more than $10 million to defeat The post 6 Nobel Economists vs.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Why Russia’s harsh 1% crypto cap actually protects bank customer assets
The draft counts banks’ own holdings and crypto-linked instruments against capital but conditionally excludes customer assets. The post Why Russia’s harsh 1% crypto cap actually protects bank customer assets appeared first on CryptoSlate.
No CLARITY, Plenty of Activity — Week in Review
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a…
Stablecoin salaries can leave workers paying to access their wages
Every paycheck eventually has to pay for something: rent, groceries, transport, or bills. Stablecoins can move between wallets in seconds. But that does not mean an employee can spend the money immediately. They may still need to convert the stablecoins into…