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A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago, on September 7.

When it was "just" 178% higher than on January 1, 2023.

They’d rather let 3 million people lose their health insurance than let that happen.

Graph here: https://cabillionairetracker.org/

Rather than paying their fair share of taxes, Sergey Brin, Pether Thiel, and Patrick Collison prefer to spend tens of millions to manipulate the vote.

Stupefying levels of greed and lack of civil-mindedness.

$45 million in a week: California’s wealthy aren’t holding back to try to stop ‘billionaire tax’

All credits to Gabriel Zucman

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[-] jaybone@lemmy.zip 10 points 4 days ago

Sadly I predict this won’t pass. The traditional media like tv commercials is flooded with propaganda to vote no on this. Newsom, Becerra and Hilton are all saying to vote no (that should be the biggest clue that you should vote yes) The commercials offer different and conflicting narratives as to why you should vote no (another clue you should vote yes) And there are NO commercials telling you to vote yes. (That should be another clue, those who control the media do not want this.) The only news available telling you to vote yes is Bernie Sanders visiting California for some sort of rally. But those supporters also tied in props 41 and 42, pushing for a “no” vote on those, which I think might have been a mistake and hurts their message.

this post was submitted on 09 Oct 2026
991 points (99.2% liked)

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