Billionaire Tax Act: Mapping the California billionaires being asked to pay their fair share

Follow DemLabs on our NEW social media! Billionaire Tax Act: Mapping the California billionaires being asked to pay their fair share The  2026 Billionaire Tax Act  would impose a one-time 5% excise tax on residents with a net worth exceeding $1 billion. The SEIU-UHW union, argue it would offset federal cuts to Medicaid and food assistance. The tax uses funds from households that gained the most from the Republican tax cuts to protect those who were hurt the most. California has 12% of the US population but 28% of all US billionaire wealth. The collective wealth of California billionaires surged from $300 billion in 2011 to $2190 billion ($2.2 trillion) in 2025. — Berkeley Study Check this StoryMap for for billionaires and the extreme poverty of people living near them. I will miss them very much  A proposed ballot measure in  California  that would increase taxes on its wealthiest residents has Pro-Trump billionaire Peter Thiel  considering cutting ties  with the Golden State. “Peter Thiel is leaving California if we pass a 1% tax on billionaires for 5 years to pay for healthcare for the working class facing steep Medicaid cuts,” said Ro Khanna. “I echo what President Roosevelt  said  with sarcasm of economic royalists when they threatened to leave, ‘I will miss them very much.’” — Raw Story Expert Report On The California 2026 Billionaire Tax: Revenue, Economic, and Constitutional Analysis TakeAway: Support the petition to make billionaires pay their fair share of taxes. Deepak DemLabs DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF. Read in browser »

The  2026 Billionaire Tax Act  would impose a one-time 5% excise tax on residents with a net worth exceeding $1 billion. The SEIU-UHW union, argue it would offset federal cuts to Medicaid and food assistance. The tax uses funds from households that gained the most from the Republican tax cuts to protect those who were hurt the most. California has 12% of the US population but 28% of all US billionaire wealth. The collective wealth of California billionaires surged from $300 billion in 2011 to $2190 billion ($2.2 trillion) in 2025. -  Berkeley Study  Click for billionaires and the extreme poverty of people nearby Read in browser »                    Recent Articles: Petro-Politics: How Campaign Cash Fueled Trump’s Invasion of Venezuela What happened when America invaded Iraq for its oil? Americans go hungry as Trump spends millions to invade Venezuela: Mapping the trade off Mapping the jungles of Venezuela where Americans will die in Trump’s grift for oil Follow the money behind Trump’s grift in attacking Venezuela for its oil

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