California billionaire tax has enough signatures for ballot, backers say
Supporters say the measure would raise $100 billion for health care and public services if voters approve the one-time levy.
- On Sunday, proponents of the billionaire tax announced they collected nearly 1.6 million signatures, far exceeding the 875,000 needed to qualify the measure for California's November ballot.
- The Service Employees International Union-United Healthcare Workers West pitched the tax to generate $100 billion, offsetting federal healthcare cuts that President Trump signed last year threatening hospital closures.
- Rob Lapsley, president of the bipartisan California Business Roundtable, argued the measure would have a "devastating impact" on the state economy by driving wealthy residents away and reducing revenue.
- Google co-founder Sergey Brin relocated to Nevada ahead of the tax residency cutoff, purchasing a $42 million lakeside mansion on Lake Tahoe's Nevada side.
- Critics warn the initiative's language allows the California Legislature to expand the tax beyond billionaires, as similar amendment clauses in past ballot measures enabled broader regulation and spending.
95 Articles
95 Articles
Sergey Brin confronted Gavin Newsom at treehouse party before ditching California over billionaire tax
An exclusive holiday gathering just north of San Francisco reportedly turned into a stomach-churning fiscal nightmare for California Gov. Gavin Newsom. Back in December, Newsom and Google co-founder Sergey Brin attended the same “treehouse party” hosted by crypto investor Chris Larsen. It was there, according to a Bloomberg report, that Brin broke the news that he would be leaving the state in response to a proposed wealth tax. According to the …
Economists butt heads over California billionaire tax predictions
Will a proposed one-time tax on billionaires bring in more revenue for the state or harm state tax revenue in the long run? It’s a question voters are going to really need to think about now that the proposal is likely to be on the November ballot. The 2026 Billionaire Tax Act is a proposal for a one-time 5% tax on the total net worth of anyone in the state with a net worth of over $1 billion. That’s different from a regular income tax, which on…
Alleged "billionaires' tax" EXPOSED as excuse to tax everybody (just look at page 26)
Watch Louder with Crowder every weekday at 11:00 AM Eastern, only on Rumble Premium!They named it the “Billionaire Tax” so you wouldn’t read it.I read it.Page 26 lets Sacramento convert it to a tax on EVERYONE without your vote.Same people. Same trick. They did it with AB 130.Newsom said he’d never sign a mileage tax.Page 137. Already signed.Now page… pic.twitter.com/MTpjI07EEx— Ramin Ekhtiar (@raminrealtalk) April 28, 2026 Conservatives have a …
California’s Billionaire Tax Collects Enough Signatures to Qualify for the Ballot, Backers Say
Organizers of California’s billionaire tax proposal say they turned in over 1.5 million signatures to state election officials April 27, which could be enough to qualify the initiative for the November ballot. Backers of the act, including Service Employees International Union-United Healthcare Workers West, needed 875,000 signatures to qualify before the June 24 deadline. If passed, California residents who live in the state as of Jan. 1, 2026,…
Google Co-Founder Sergey Brin Turns on the Left, Warns California Is Drifting Toward ‘Devastating’ Impact of Socialism
by Ben Kew, The Gateway Pundit: Google co-founder Sergey Brin warned that California is moving toward socialism as he escalates opposition to a proposed tax on billionaires. According to The New York Times, Brin has spent about $57 million in recent months backing efforts to defeat the measure, which would impose a one-time five percent tax […]
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