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California's SEIU-UHW union is pushing a ballot initiative that would slap a 5% excise tax on net worth above $1 billion — targeting roughly 200 people across the entire state and projecting $100 billion over five years....
Newsom's $100B Billionaire Tax Will Drive California's Last Wealthy Out is an episode from News For Reasonable People by Sean Reynolds. California's SEIU-UHW union is pushing a ballot initiative that would slap a 5% excise tax on net worth...
This episode belongs to News For Reasonable People.
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Published Jul 16, 2026, 00:19:10 long, audio available.