2026 California Billionaire Tax

1970-01-01

It needs to be a federal tax or they'll just move to another state. Not saying this isn't a good thing, but it won't produce anything until the taxman has teeth in every other state.

lokar

I wonder what it would look like if the federal income tax was removed, and instead the amount needed was assigned to the states to produce proportional to population, however they want.

stevenalowe

Note that this vote also has to alter the state constitution to permit this kind of tax If passed it will not be a “one-time” event, it will be a long-term disaster