Since the beginning of the pandemic last March, while our families and our communities have suffered gut-wrenching pain and loss, billionaires in our state alone have increased their wealth by over half a trillion dollars.
The California Extreme Wealth Tax would implement a 1% tax on wealth in excess of $50 million per household in our state, with an additional 0.5% on wealth in excess of a billion dollars, to raise critical funds for our recovery. It asks those who have made so much to contribute a small percentage of their extreme wealth so that our families and our communities can recover from the pandemic and can rebuild their lives.
Are you ready to stand with other Californians in support of the Extreme Wealth Tax?