Episode Details

California’s healthcare workers union is launching a bold ballot measure to slap a one-time 5% tax on the state’s 200 billionaires—raising $100 billion to plug Medicaid funding gaps and prevent hospital closures. Governor Newsom opposes it, while Silicon Valley elites spend millions to block it, fearing wealth flight. The tax targets those with $1 billion+ net worth as of Jan 1, 2026, with funds earmarked for healthcare, education, and food aid. Opponents have already raised $100M to defeat it, including a potential constitutional amendment that could nullify the tax. This high-stakes showdown pits essential funding needs against billionaire resistance—and the ballot battle is just beginning.

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