Tag: billionaires

Billionaires like Elon Musk have long leveraged their wealth and fame to shape political landscapes, raising questions about democracy and influence.

Labor and health care groups are collecting signatures to place a one-time 5% wealth tax on California's approximately 200 billionaires on the 2026 ballot, aiming to generate $100 billion for healthcare and education. This bold move represents a courageous stand against systemic inequality and a powerful defense of essential public services that millions of vulnerable Californians depend upon.