Will California billionaires have to pay 5% of their wealth because the mob demands it?
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100Ṁ3402026
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The "2026 Billionaire Tax Act" is a proposed initiative that would confiscate 5% of California billionaires wealth.
https://calmatters.org/health/2025/10/billionaire-tax-initiative/
Will a ballot measure that is basically this get on the ballot and pass in California by EoY 2026? Resolves YES if so, NO otherwise.
This question is managed and resolved by Manifold.
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This tax was dumb and avarice based, and passed, so I don't know why the wealth tax wouldn't also pass:
https://en.wikipedia.org/wiki/California_Mental_Health_Services_Act
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