It was an ambitious notion – now Californians will vote on a one-time 5% billionaire tax, and state’s super rich have pulled out all the stops in opposition

It was an ambitious notion – now Californians will vote on a one-time 5% billionaire tax, and state’s super rich have pulled out all the stops in opposition One year ago, the idea of a billionaire tax in California was still in its infancy. It wasn’t yet one of the most contentious ballot measure fights in state history – pitting Democrats against Democrats, drawing national attention from political heavyweights, and netting hundreds of millions of Silicon Valley dollars to fight it. Back then, it was a bol…

  • nomad@infosec.pub
    1·
    3 hours ago

    I would love to see another initiative like the giving oath. After they show they are not a piggy bank to crack open and waste like every other money pool greedy politicians get their grubby hands on, they get together and discuss the state of peoples wellfair and decide to pledge 5% voluntarily to a communally run wellfaire fund to help the people struggling the most in a sustainable way.