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California ‘billionaire tax’ makes ballot despite opposition from tech moguls
(www.theguardian.com)
this post was submitted on 20 Jun 2026
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The 2% would be applied to households worth 100 million dollars or more, I'm pretty sure they could spare the change without much impact on their lifestyles.
Why not make it go, 1%, 2%,4%,8%,16%,32%,64% based on how much they had? Hurting the trillionaire and the centibillionaires the hardest
The goal is to have it low enough so that every single country in the world agrees to set it up, even tax havens like Bermuda, Luxembourg or Monaco. But high enough to be effective. Then, once it's agreed upon, we can make it better and more progressive.