American attorney and politician, SF trailblazer
States are debating and enacting taxes on high earners amid a broader shift in tax policy. Massachusetts has already seen revenue from a millionaire tax, while California and other states consider or challenge wealth taxes. Ballot measures in November could reshape where high earners live and how much they pay.
California's incoming insurance commissioner Jane Kim has proposed a nonprofit wildfire-disaster fund, signaling a sharp shift from private insurers amid rising premiums and retreating carriers. The plan would separate wildfire coverage into a state-run pool, with private coverage continuing for other risks.