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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.

Senator Bernie Sanders is cited as a prominent national figure providing support for the California Billionaire Tax Act.

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Billionaire tax is a no-brainer for progressive California Democrats, right? Not so fast.
Good Look
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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Bernie SandersI-Vermont
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74%26%
22 votes · rated by people, not pundits

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