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California’s ‘Get Out Now’ Tax

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Posted By: RockyTCB, 12/31/2025 12:08:43 PM

It might seem that public policy insanity has reached an end in California. After all, what more could the state’s malevolent progressive politics concoct to make it more hostile to business, innovation, enterprise, and hard work than it already is? How about a tax on those who drive the economy? Yes, that should do it. The Service Employees International Union-United Healthcare Workers West and St. John’s Community Health in Los Angeles have teamed up to concoct the 2026 Billionaire Tax Act, a citizen-initiated statute that might appear on the ballot next November. Should it pass, it would levy a “one-time 5% tax on California billionaires in this emergency

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Reply 1 - Posted by: seamusm 12/31/2025 12:16:12 PM (No. 2047461)
I guess the SEIU finally realized no one was coming to their namesake bowl game. This union represents municipal workers and if no one is left to pay taxes do they think the high salaried union leadership will be willing to foot the bill? These people are planning the unemployment of their own membership - and the need for welfare.
6 people like this.

Reply 2 - Posted by: learner 12/31/2025 12:27:18 PM (No. 2047464)
Temporary taxes in California are like the 'Transitory Inflation' we all suffered under the Sleepy Joe administration. The transitory inflation is being reversed by a new administration using common sense. Common sense is in short supply in the fever dreams of rabid leftists. Particularly in California.
7 people like this.

Reply 3 - Posted by: chumley 12/31/2025 12:30:44 PM (No. 2047467)
California is among the worst, but they are by no means the Lone Ranger. The absolute arrogance of these crooked politicians thinking they are entitled to free men's money simply because they want it is beyond unreasonable. Elections dont work. The courts dont work. Other options are running low.
11 people like this.

Reply 4 - Posted by: Newtsche 12/31/2025 12:32:26 PM (No. 2047469)
Any California "emergency" is self-created. How about flooding your state with illegals who you prop up with goods and services, the only compensation being their votes that keep you in power to perpetuate your merry-go-round in hell. WWRRD - what would Rob Reiner do?
6 people like this.

Reply 5 - Posted by: J. Arthur Brown 12/31/2025 12:36:52 PM (No. 2047471)
If the U.S. income tax still covered only the extraordinarily wealthy Americans it was originally intended to cover only Americans making more than $33 million (the current value of $1million in 1913 dollars) a year would be paying it today. Similarly, the principle of taxing assets in addition to income, once enacted, will not be restricted to the "super rich" for long. Good luck saving for retirement if you have to fork over a portion of your appreciated assets each year.
7 people like this.

Reply 6 - Posted by: LC Chihuahua 12/31/2025 1:12:43 PM (No. 2047493)
Another name for this could be California's Cannibal Tax. "Today, the people have decided you are on the top of the menu" It's 'representative' government!
7 people like this.

Reply 7 - Posted by: Starboard_side 12/31/2025 1:21:53 PM (No. 2047497)
These billionaires should start funding campaigns of Republicans and Independents to remove the Democrats 20-year super-majority rule in DEEP BLUE California. It would have much more impact than leaving. They are correct, it's never a one-time tax either, they get used to the new $$$ and want more because they've already spent the proposed revenues that aren't even in yet and not on healthcare either. It usually goes to pay higher salaries, benefits and pensions (e.g. the SEIU is a union after all). California voters are usually pretty stupid about this stuff and generally vote them in as though it has no impact despite always having a huge impact. Believe CA voters approved a 6 cent increase in their gas taxes to help pave and fix the decaying roads. The roads are still decaying and much of the funds went to bicycle lanes and other such "transportation" projects.
8 people like this.

Reply 8 - Posted by: john56 12/31/2025 1:28:05 PM (No. 2047499)
I would suggest red states that "accept" Cali billionaire "refugees" institute a test for liberalism that if the billionaire does not pass, the red state would impose a 10% stupid billionaire wealth tax.
9 people like this.

Reply 9 - Posted by: usmc0302 12/31/2025 1:33:07 PM (No. 2047502)
Commies always forget capital is mobile.
5 people like this.

Reply 10 - Posted by: Noj15 12/31/2025 1:33:45 PM (No. 2047503)
You've seen how Californians vote. For higher taxes on themselves. To keep Slick in office even after a recall election. For higher gasoline prices (bye bye, refineries). To fund the illegal immigration of rapists, mental cases, murderers and con artists. For ten dollar a gallon gas. For $16,000 annual property taxes. So guess what? They're coming to a neighborhood near you.
8 people like this.

Reply 11 - Posted by: montwoodcliff 12/31/2025 1:50:58 PM (No. 2047506)
The commie libs use the tax code as a means of punishment, and not so much for raising revenue. Revenue is secondary. Gotta punish the successful you know!
5 people like this.

Reply 12 - Posted by: sw penn 12/31/2025 1:53:33 PM (No. 2047507)
Once a government gives itself the right to tax anything, it will tax everything. There has never been anything and there will never be anything more rapacious than government...
6 people like this.

Reply 13 - Posted by: bpl40 12/31/2025 2:21:41 PM (No. 2047516)
"Promise, this is a just a once only tax..." Remember someone once said "No more territorial ambitions in Europe".
4 people like this.

Reply 14 - Posted by: Ida Lou Pino 12/31/2025 2:49:14 PM (No. 2047521)
Don't worry - - it's only going to happen once - - just one time. Well - - maybe two or three more times - - but never any more than that!
4 people like this.

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