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Times of San Diegovia CalMattersApr 10, 2026

Billionaire tax is a no-brainer for progressive California Democrats, right? Not so fast.

Assemblymember Chris Ward criticized the billionaire tax proposal for its narrow focus on healthcare rather than broader state priorities.

Billionaire tax is a no-brainer for progressive California Democrats, right? Not so fast.
Mixed
tl;dr

A proposed ballot initiative to levy a one-time 5% tax on California billionaires has divided progressives and labor unions, creating a strategic dilemma between taxing the wealthy and practical implementation concerns.

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