California billionaire tax gets enough signatures for ballot
Backers say they collected enough signatures to place a one-time 5 percent tax on Californians with $1.1 billion or more in assets on the November ballot. The proposal would tax net worth above the $1.1 billion threshold at 5 percent and is backed by a labor union that led the signature drive. Opponents have launched competing ballot measures to block or replace the billionaire tax, making November a direct voter decision on whether California can impose a one-time wealth levy on its richest residents.
NEW: The SEIU-UHW says it has collected 1.5 million signatures to put the Billionaire Tax on the ballot in California this November. That's nearly twice the required amount. www.nbcnews.com/politics/202...
AlpenglowDreams24CA billionaires are about to spend more money trying to defeat this than they will have to pay in taxes if it passes
Bill13Oh no! Don't piss off the billionaires! They will get big mad and threatened to move away. Just kidding, fuck them
ejcon3.bsky.social13We did it in MA. And got $1.3 Bn for school lunches,and Transportation. Yes, it is controversial but the money is good.
Aibo - Zonny9The British 🇬🇧 vs Bezos
Batdog9Everyone who owns a home pays property tax. Every year, based on its value. At some level accumulated wealth should be perceived as property and taxed every year
Martin8With Mamdani calling for similar taxes it's gathering real momentum and a long overdue step toward the leveling of fiscal equity.
The Good Witch7The “billionaire tax” initiative seeks to implement a one-time 5% tax on the assets of Californians whose net worth exceeds $1.1 billion. It would also require the state to spend the resulting revenue almost entirely on healthcare.
SantaCruzMag7I never sign those petitions since many ballot measures are extremely flawed. However, I literally ripped the pen out of the canvasser’s hand to sign this one. Pay up or GTFO of our state ya rich dicks. So over it
Julie Mielke5We in CA are fed up with the Billionaires not paying their fair share and gaining riches on the backs of hard working people.
Patty5If only Newsom wanted it
Renae Freedom4You'd get the same response if signatures were gathered in all 50 states, w/o doubt. There were multiple polls done while Joe Biden was President, it polled very high among the American electorate. Joe Biden pushed for it repeatedly, btw. Always pushed for fairness + policy for the ppl, always...
Imaxximus4Billionaires can live like kings with a 95% tax rate. Don’t believe them if they say otherwise. 5% leaves them with a minimum $50m. Zero fuxx.
Radio Attitude ™ 🫘❌👑3Excellent! Well, you know what I always say:
jacksmom7.bsky.social2Gov Ferguson of WA State signed a millionaires tax into law in March 2026. The amount of poor MAGAs rushing to defend the wealthy is staggering. Of course, there will be plenty of court battles over it. I don’t think it goes into effect until 2028, though.
mutant21.bsky.social2When I make money, I have to pay taxes, why can't they? They use tax loopholes to not pay taxes and that is not fair to the rest of the tax paying populace. Fuck em and make them pay!! I will vote for this to pass.
Ann E. Bodie 2I’m a Californian. I am not a billionaire. This is stupid. California already had a progressive tax rate. The billionaires who live in the state pay into the system. The billionaires who have fled the state, and moved don’t. Want to raise additional revenue, then do what Mandami is doing in NYC.
Cosmic Crisp 🍎2Idaho has a petition for restoring women’s healthcare going around. The state is rejecting every signature they can. My dad has signed it twice but his hands are so shaky his signature has changed. I hope the GOP does not contest all the signatures
head-like-a-sieve.bsky.social2What billionaire is going to pay $50 million for the privilege of keeping California their state of residence?
paul lukasiak2Sad to see that Katie Porter is opposed to the tax…
NannyGoat7-112Will they all move to private island s?
alwaysthetomboy2Every state should do this ‼️🙏🤞
The California ballot measure to tax 5% of billionaire wealth reportedly has more than enough signatures to make the ballot. Supporters say they’ve gotten over 1.5 million signatures, far more than the 875,000 required to make the ballot.
Cori Hug-Walker8make it 10% and we'd probably get over 5 million signatures
Flint3But, but, all the billionaires will move away! Then who’ll skirt labor and environmental laws, not pay a penny in taxes, buy up all our housing, sex traffic kids, and build grotesque monuments to flaunt their obscene wealth?!
fka ny_ker_in_flalaland2Now, for 49 more states to follow 🙄
The labor union backing a proposal to place a one-time 5 percent tax on California billionaires says it has collected enough signatures to place the measure on the state’s November ballot. Opponents are backing competing measures to counter the tax.
gcm5.bsky.social3It’s the least these billionaires can do. They’re taking so much out of society and putting very little back into people and resources. They’re outsourcing jobs, replacing humans with AI and buying politicians with their money. Time to give back.
David3One time !? Should be yearly. Monthly daily and hourly.
