If passed, would impose a 5% assets tax on all existing California residents with a net worth of at least $1 billion and a one-time $1 billion tax on state residents with at least $20 billion in assets as of 2026.
Service Employees International Union-United Healthcare Workers West proposed the legislation in late November, saying it could result in up to $100 billion from 200 residents, in an effort to offset federal funding cuts to state healthcare. The legislation requires about 850,000 signatures from California residents, of whom there are about 40 million, to reach a vote on the Nov. 2026 state ballot. Billionaires Larry Page, cofounder of Google, and Peter Thiel, cofounder of PayPal and Palantir, are reportedly considering leaving the state and taking business ventures elsewhere due to the potential tax.
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Honestly if we get Thiel outta here that’d count as a win by itself.
get him out of the us is enough, his pet vance will easily fade away in obscurity once thiel can no longer prop up his pet
You know him leaving the state doesn’t mean he would still effect your life. Fucker is JD Vance mentor and is a month peice that the Trump administration listens too.
How can I sign this
Unfortunately not a public measure ;-;
Call your rep tho! :)
Newsome will Veto this if it passes. He can’t let his bosses mad at him when he going run for president.
Beyond that this such a small amount you can see just how sick these fucks are. They throwing a fit for literally a tiny tax on wealth they never can spend in 100 life times.
I’ve had enough! I’m leaving then! 😂
The Forbes magazine editor in chief Steve Forbes, whose estimated USD$ 430 million personal net worth doesn’t include his family’s wealth, only mentions once that this is a one time tax.
That is Fox News-like distortion of facts and the net effect of this initiative.
