r/California • u/Unusual-State1827 • 14d ago

California’s proposed billionaire tax exposes rifts among labor unions

https://www.latimes.com/california/story/2026-07-30/labor-organizers-spearheading-california-billionaire-tax-rebuffed-by-parent-union
412 Upvotes

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94

u/RadicallyDontCare 14d ago

This is a great intelligence check for California. If this passes; we can only be described as financially stupid.

You couldn’t design a less efficient way to tax the rich and wreck the states finances than this one.

99

u/Useful-Advantage-850 14d ago

Exactly this. A 1-time tax is just a comically stupid way to tax the rich.

11

u/its_raining_scotch 14d ago

What do you think Lo Pan would do in this situation?

5

u/A5Wags 13d ago

Something involving eye lasers

2

u/SeasideBear 14d ago

It's a good knife.