California billionaire tax gets enough signatures for ballot

politicsApr 27, 202613212

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.

The New York Times

@nytimes.com

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.

1933h ago

gcm5.bsky.social3

It’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.

David2

One time !? Should be yearly. Monthly daily and hourly.

Victor Narro

@victornarro1.bsky.social

California Billionaire Tax Has Enough Signatures to Land on Ballot, Backers Say The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax. www.nytimes.com/2026/04/26/u...

94h ago

Dara Kerr

@darakerr.bsky.social

The billionaire tax has made it to the California ballot for a vote November. With 1,550,000 signatures, it nearly doubled the amount of signatures necessary to get on the ballot

83h ago

Shulamit Lahat

@shulamitlahat.bsky.social

"Calif. Billionaire Tax Has Signatures Needed for Ballot. The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion" This is why Trump hates CA - and for its many progressive, pro-immigrant initiatives. www.nytimes.com/2026/04/26/u...

2h ago

nyahrose3.bsky.social

@nyahrose3.bsky.social

Been seeing posts about California’s Billionaires Tax. A lot of misleading posts. I decided to look it up. The proposed California 2026 "Billionaire Tax" initiative aims to impose a one-time 5% wealth tax on the estimated 200 wealthiest California residents, payable over five years (1% annually).

1Yesterday

Andy Stock HSG

@andrewstock.bsky.social

Democratic gubernatorial candidate Tom Steyer is the primary supporter of the California Billionaire Tax Act among major candidates, Steyer has stated he is "the billionaire who wants to tax other billionaires," advocating for the 5% one-time tax on fortunes over $1 billion

1Yesterday

K Singer

@singerk.bsky.social

So proud to be a part of @dsa.la and how we collected so many signatures for this crucial proposal! California Billionaire Tax Has Signatures Needed for Ballot, Backers Say www.nytimes.com/2026/04/26/u...

3h ago

Daily Feminism ✨

@dailymisogyny.bsky.social

👏: Now we get to let the people decide www.wsj.com/politics/pol... @billionairetaxnow.bsky.social

2h ago

fieldsmeddle.bsky.social

@fieldsmeddle.bsky.social

CALIFORNIA BILLIONAIRE TAX GETS BALLOT SPOT via New York Times

4h ago

Hacker News Top 100 Bot (Unofficial)

@hn100.bsky.social

California's Billionaire Tax Has the Signatures to Make the Ballot, Backers Say Discussion

4h ago

dianainoregon.bsky.social

@dianainoregon.bsky.social

#MediocrePoliticians Fantastic news, but of course Gov. Newsom is joining the tech bros in fighting it. One more reason Newsom is NOT it in 2028. California Billionaire Tax Has Signatures Needed for Ballot, Backers Say www.nytimes.com/2026/04/26/u...

1h ago

News by babygoldie

@babygoldie.bsky.social

[4/10] more than 120,000 medical practitioners. It was originally intended to make up for the funding gap caused by the medical budget cuts in the core fiscal and tax bill of the Trump administration last year. Susana Jimenez, spokesperson for the California Billionaire Tax Alliance,

10h ago

Left DNC. No longer can support what they stand for

@madness45and47.bsky.social

On page twenty-six of “The Billionaire Tax” proposal in California, it explains how the state legislature can convert from a Billionaire Tax to an Everyone Tax without voter approval.

Yesterday

2 sources

nytimes.comCalifornia Billionaire Tax Has Enough Signatures to Land on Ballot, Backers Say nyti.msCalifornia Billionaire Tax Has Enough Signatures to Land on Ballot, Backers Say

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