California billionaire tax proposal garners enough signatures to head to ballot
Proposal for a one-time 5% tax on billionaires in the state is opposed by Silicon Valley tech titans and Gavin Newsom
https://www.theguardian.com/us-news/2026/apr/27/california-billionaire-taxOpen linkView original on lemmy.zip
If Gavin newsom is against it these days it’s probably something you should do
If they keep opposing it, they should amend it to a recurring tax, and if they still keep opposing it, they should make it 10% and just keep upping the ante until the billionaires learn to shut the fuck up and sit down. Non-tech giants out-number the tech giants by FAR more than enough to pass the legislation.
Oh no! A whole 5% of your parasitic gains that you didn't work for? Won't someone please think of the billionaires!
Surely all the billionaires who live in Wyoming and simply vacation to California 12 months a year won't be bothered by this?