California voters have rejected Proposition 40, the state’s proposed one-time tax on billionaires, the Associated Press reported Monday. The measure failed after an expensive campaign that pitted labor unions against some of tech’s wealthiest figures. It was also opposed by Gov. Gavin Newsom. Nic Carter lives about as far from Silicon Valley as you can
News of billionaires fleeing California over the proposed billionaire tax have dominated the headlines: the one-time tax of 5% on the wealth of California’s [perhaps dwindling] 250 billionaires. But what about those who chose to become academics, and as a result, may not have achieved billionaire status? It turns out most academics who study taxes
Next Tuesday, Californians will vote on Proposition 40, which would impose a one-time 5% tax on the state’s billionaires. It would apply only to people whose primary residence was in California as of Jan. 1, 2026, so several of the state’s wealthiest residents have packed up and shipped out to avoid the extra tax. One
October is officially Bat Appreciation Month. In the spirit of the season and conservation, a team of biologists in California recently spent time finding bats at Muir Woods National Monument and Samuel P. Taylor State Park. And while Halloween is fast approaching, the activity had nothing to do with spooky festivities and everything to do
In 2025, a California teenager named Adam Raine took his life after ChatGPT allegedly coached him on how to do it. The tragic event inspired “Adam’s Law,” which California Governor Gavin Newsom signed into law on Thursday. The law requires AI chatbot companies to adopt safeguards to protect users—especially children—from harmful content and manipulative interactions,
An AI industry watchdog is accusing OpenAI of violating California’s AI safety law multiple times in the past year, including with the release of its latest model, Astra. A new analysis from the Midas Project—a nonprofit that describes itself as a watchdog “working to ensure that AI benefits everybody, not just the companies developing it”—alleges
