Billionaire Tax ‘Bait and Switch’

Billionaire Tax ‘Bait and Switch’

Con artists have long used the “bait and switch” technique to sucker the gullible. That is the precise methodology of a couple of public employee unions that put forth the proposed California “Billionaire Tax,” to sucker a presumed gullible California electorate in the November 2026 election. It is an attempt to con California voters to believe that a one-time 5% tax on state resident billionaires will resolve a myriad of annually recurring and …

Newsom Opposes Billionaire Tax After Years of Tax-and-Spend Policies - Americans for Tax Reform

California Governor Gavin Newsom is racing to stop a proposed billionaire wealth tax from reaching the ballot this November. The irony is hard to miss. After years of embracing progressive tax-and-spend policies and treating high earners as a convenient source of revenue, Newsom now finds himself opposing a proposal that follows the same logic to its conclusion. According to Bloomberg, Newsom has been working behind the scenes to convince suppor…

California Billionaire Tax Qualifies for November Ballot

The measure, opposed by Gov. Gavin Newsom, is a proposed one-time tax of up to 5 percent on individuals with a net worth of more than $1 billion.

Billionaire Tax Officially Heads To Nov. 3 Ballot

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The union behind California’s billionaire tax is blinking, but Gavin Newsom wants to inflict total defeat

A labor union behind a controversial tax on California billionaires significantly scaled back its proposal a day after it qualified for the November ballot, but the offer Thursday wasn’t enough to get the governor on board. The proposal from the Service Employees International Union Healthcare…