Billionaire tax – California Globe

The Billionaire Tax Failed in California, and Voters Protected Your Retirement

November 6, 2026 7:43 amNovember 6, 2026 10:43 am

There is some good news from Tuesday’s blue wave election. One of the three “Save Prop 13” Initiatives has officially passed, and voters rejected the billionaire tax. Proposition 42, the Prohibit New Taxes on Retirement Holdings, Personal Assets, and Savings...

2026 Statewide Proposition Results

November 4, 2026 7:16 amNovember 4, 2026 7:16 am

It will be 30 days until all of California’s election results are certified. Here are the results so far, from the Statewide Ballot initiatives: PROP. 1 – AUTHORIZE VETERAN AND HOUSING BONDS GENERAL 58% of votes counted CHOICE VOTES PCT...

California Has 14 Propositions, 2 Statewide Tax-Increases, and 273 Local Tax Increases on Nov Ballot

October 27, 2026 7:19 amOctober 27, 2026 11:00 am

California Voters are facing 14 propositions, two statewide tax-increase measures, and 273 tax increases on local ballots across the state November 3rd. The California Taxpayers Association reports: The measures propose $3 billion in direct taxes (sales tax, parcel tax, etc.), along...

White House Puts $49 Trillion Price Tag on DSA Agenda, $355K Per Household

October 5, 2026 9:26 amOctober 5, 2026 9:29 am

A new White House report (see below) scores the Democratic Socialists of America’s flagship agenda at a net fiscal burden of roughly $49 trillion over ten years, about $355,000 per American household, and the price tag lands in the middle...

Ro Khanna’s New ‘Social Contract’: Wealth Confiscation Masquerading as Moral Philanthropy

July 3, 2026 1:55 pmJuly 3, 2026 2:19 pm

Rep. Ro Khanna (D-CA) used his Substack platform on July 2 to lay out what he described as the “philosophical case for tax fairness and taxing billionaire wealth,” framing the proposal as a voluntary-sounding “new social contract” between society and...

Gavin Newsom’s Flip Flop on Billionaire Tax is the Real Newsom

June 27, 2026 9:06 amJune 29, 2026 7:13 am

California Governor Gavin Newsom’s flip flop on the billionaire tax isn’t really a flip-flop – it’s Gavin admitting who he really is and that he actually supported it in the first place. Gavin Newsom originally claimed that he opposed the...

Why are Limousine Liberals and Champagne Socialists Embracing Commie Politicians?

June 22, 2026 8:00 amJune 23, 2026 11:16 am

Limousine liberals and champagne socialists are embracing socialists and commie politicians in local races. What in the fresh hell is the matter with them? America was built upon entrepreneurs, and some argue that the founding fathers were the original entrepreneurs,...