Palmer Luckey, Mark Zuckerberg, and Jensen Huang are among the billionaires who could be affected by a California wealth tax.

Patrick T. Fallon/AFP/Getty Images; Jeff Bottari/Zuffa LLC/Getty Images; Patrick T. Fallon/AFP/Getty Images

Visit somethingsdifferent.biz for more information.

California has a lot of billionaires, more than any other state and more than most countries. So a proposed wealth tax on its billionaires could be a windfall.

Under the Billionaire Tax Act, California residents with a net worth of over $1 billion would face a one-time tax equal to 5% of their net worth.

The tax plan got one step closer to becoming reality after garnering enough signatures to appear on the ballot. The deadline for ballot measures is June 25, so unless opponents can cut a deal with the groups backing the measure before then, California voters will decide on the tax in November.

If passed, the tax would apply retroactively to billionaires living in the state as of January 1, 2026. The tax would be due in 2027, with the option to spread the payment out over five years, with interest.

The tax plan has drawn sharp reactions from lawmakers and business leaders.

Google cofounders Larry Page and Sergey Brin moved entities tied to them out of the state in December ahead of the deadline, Business Insider first reported.

Nvidia CEO and billionaire Jensen Huang said he was "perfectly fine" with the tax. Palmer Luckey, the billionaire founder of defense tech startup Anduril, said it would force companies to "immediately pivot into profit obsession over mission or long-term sustainability."

Critics of the tax, including Gov. Gavin Newsom, have warned it will encourage ultrawealthy residents to flee the state and hurt California's economy. They've also said the one-time tax would not provide a sustainable source of funding.

Several left-leaning groups have come out against the tax in recent weeks, including the California Teachers Association and Planned Parenthood Affiliates of California.

Supporters, including SEIU-UHW, a healthcare workers union, say the tax would provide crucial funding for healthcare services to offset federal funding cuts, as well as for education and food assistance programs.

As of January 1, there were 214 billionaires in California, according to Forbes data compiled by Americans for Tax Fairness, a group that advocates for higher taxes.

Below is the full list of billionaires in California. Names with asterisks have recently moved at least some of their business entities out of the state.

Read the original article on Business Insider

Read full story at source

LAS VEGAS, NEVADA - JANUARY 04: Mike Danna #51 of the Kansas City Chiefs tackles Ashton Jeanty #2 of the Las Vegas Raiders in the third quarter of a game at Allegiant Stadium on January 04, 2026 in Las Vegas, Nevada. (Photo by Ian Maule/Getty Images) | Getty Images

After taking care of the quarterbacks previously, Silver and Black Pride’s AFC West position rankings are moving on to running backs to see how the Las Vegas Raiders’ roster stacks up with the Denver Broncos’, Kansas City Chiefs’ and Los Angeles Chargers’ rosters heading into the 2026 season. This is an interesting position group for the division because it didn’t have a 1,000-yard rusher in it last year, but a newcomer is shaking up the list below.

All stats referenced below are from the regular season unless otherwise noted.

Visit catcrossgame.com for more information.

1. Kenneth Walker, Chiefs

2025 Stats: 221 carries, 1,027 yards (4.6 ypc), 5 TDs, 31 receptions, 282 receiving yards, 0 receiving TDs (17 games)

Fresh off of winning a Super Bowl together with the Seattle Seahawks, Walker and Raiders’ head coach Klint Kubiak will still see each other twice a year, but they will be on opposite sidelines moving forward. The Super Bowl MVP joins the Chiefs after rushing for 1,000 yards for the first time since his rookie season in 2022. He brings some big play ability to Kansas City’s rushing attack, ranking third among running backs with 18 “breakaway” (more than 15 yards) runs and seventh with 398 yards on such carries during the regular season, per Pro Football Focus.

That’s enough to be the top back in the division heading into the season. But it does beg the question of whether Walker’s 2025 production was the result of playing in Kubiak’s offense or was Kubiak’s system effective in Seattle because of Walker? We’ll find out soon enough.

2. J.K. Dobbins, Broncos

2025 Stats: 153 carries, 772 yards (5.0 ypc), 4 TDs, 11 receptions, 37 receiving yards, 0 receiving TDs (10 games)

Putting it simply, Dobbins would be the top running back in the division if he could just stay healthy. He’s the most efficient runner listed here, and he was one of eight backs to have at least 65 carries and average five yards or more per carry last season, per PFF. For context, De’Von Achane (5.7), Derrick Henry (5.2), James Cook (5.2), Bijan Robinson (5.1) and Jahmyr Gibbs (5.0) make up five of the other seven players to accomplish that feat. The difference is that all of them played in at least 16 games a year ago.

In other words, Dobbins could at least be in the conversation as one of the NFL’s best running backs if it weren’t for the multitude of injuries he’s endured. The problem is that if history tells us anything, it’s not a matter of if he’s going to miss games, but when.

3. Ashton Jeanty, Raiders

2025 Stats: 266 carries, 975 yards (3.7 ypc), 5 TDs, 55 receptions, 346 receiving yards, 5 receiving TDs (17 games)

Despite having what was widely considered a disappointing rookie season, Jeanty led the AFC West in rushing by nearly 200 yards. Of course, that doesn’t include Walker, and Dobbins was much more efficient. But that’s no small feat for a first-year player, especially since the 2025 No. 6 overall pick also ranked second behind RJ Harvey as a receiver and comfortably led the position in total yards from scrimmage. That’s without even mentioning Las Vegas’ offensive line issues.

A big part of what gives hope for the Boise State product moving forward is that he was tied for fifth with Walker in missed tackles forced (61) and was one shy of tying Gibbs and Cook for third place across the entire league, per PFF. With better blocking in front of him, Jeanty could easily shoot up this list and be the top running back in the division by this time next year.

4. Omarion Hampton, Chargers

2025 Stats: 124 carries, 545 yards (4.4 ypc), 4 TDs, 32 receptions, 192 receiving yards, 1 receiving TD (9 games)

Hampton also had a less-than-stellar rookie stat line a year ago, but his was more injury-related. A broken ankle caused the North Carolina product to miss about half of the season, but he did show some promise on a smaller sample size. While Hampton had about half as many MTFs as Jeanty, per PFF, his 32 on 124 attempts was slightly more efficient than Jeanty’s rate, with a missed tackle once every 3.88 attempts compared to one every 4.36 attempts. Additionally, the former Tar Heel finished 12th among running backs league-wide with 3.35 yards after contact per attempt. He just needs to prove it on a bigger sample size.

5. RJ Harvey, Broncos

2025 Stats: 146 carries, 540 yards (3.7), 7 TDs, 47 receptions, 356 receiving yards, 5 receiving TDs (17 games)

Harvey made his biggest impact as a pass-catcher out of the backfield last season, leading AFC West running backs and ranking eighth among NFL backs in receiving yards. Also, his 12 touchdowns from scrimmage led the division and were tied for 10th league-wide at the position. That’s a pretty good rookie year for a complementary back, especially since Sean Payton likes to have a steady rotation in the backfield.

Honorable Mention: Kimani Vidal (LAC)

Read full story at source