A Wall Street Journal survey of 1,500 registered voters conducted in late September found 63 percent support pausing AI development, 57 percent want immediate government regulation of AI, and only 12 percent trust AI companies to regulate themselves. The same poll found broad bipartisan support for populist economic measures, including a 61 percent backing for a federal wealth tax on billionaires, 90 percent support for banning surprise medical bills, and 79 percent favoring a 10 percent cap on credit card interest rates.
futurism.com
· 2026-10-03
California recently certified a ballot measure for November that would impose a one-time 5% levy on billionaires' wealth, paid over five years, aiming to raise about $20 billion annually for health care, food aid and schools. The Center for Land Economics released a report estimating California's total land value at roughly $8.14 trillion, verified through three separate methods, and argues this dwarfs the state's billionaire wealth base by about eightfold. The report notes six named billionaires already hold substantial wealth outside the state's reach, illustrating the mobility of that wealth compared to land.
blog.landeconomics.org
· 2026-09-24
Billionaire investor Mark Cuban has publicly criticized California's Proposition 40, a proposed 5% wealth tax targeting billionaires. Cuban argues the measure would disproportionately harm startup founders whose net worth is tied up in illiquid company equity rather than cash, making it difficult for them to pay a tax based on paper wealth.
fastcompany.com
· 2026-08-25
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