Our Revolution proudly supports the California Billionaires Tax Act — a bold, people-powered measure to make the ultra-wealthy finally pay their fair share and invest in the future of our communities.
Roughly 200 California billionaires hold nearly $2 trillion in wealth — much of it shielded from taxation through loopholes and accounting tricks. Meanwhile, working families are squeezed by rising costs, underfunded schools, and threats to healthcare and essential services. It’s not an accident.
The California Billionaires Tax Act would raise $100 billion with a one-time 5% wealth tax and would help replace lost federal funding and protect critical programs — with 90% directed to healthcare and 10% to public K–14 education and state food assistance programs. All without a dime of extra taxes on the middle class or small businesses.
This is exactly the kind of structural reform our movement is fighting for nationwide. Defunding oligarchy isn’t just a slogan — it means cutting off the pipelines that allow billionaires to hoard wealth while public services are slashed. It means using public dollars for the public good.
California voters will have the chance to vote YES this November. If this passes, it can be a model for states around the country to do what’s right.
When we organize, we win — and when billionaires finally pay their fair share, our communities thrive.