California voters will consider a controversial proposal in November to temporarily raise taxes on billionaires after the labor union backing the measure announced Thursday it would forge ahead despite pressure from critics to withdraw it.
The proposal, backed by the Service Employees International Union Healthcare Workers West, would impose a one-time 5% tax on individuals whose net worth exceeds $1 billion and who were living in the state as of Jan. 1, 2026. The goal is to generate $100 billion in revenue, mainly to fund the state’s Medicaid system after federal cuts.
“I am all in on this,” union President Dave Regan said on a Zoom call, adding that opponents of the proposal are “totally out of touch.”
Both the current governor and both potential future governors are against this. The Democratic party in CA hasn’t stated its official position, but most of the top D leaders in the state are against this.
They say it will make the ultra-wealthy leave the state.
To that I say, “good!” We don’t need them, and they are a net negative for us. They barely pay taxes as it is, and they use so many resources that it might be better for our beautiful environment.
Oh no! People who don’t pay taxes might rattle their sabers about leaving to avoid paying taxes!
Uppercase D Democrats are fucking malicious morons.