Source: Astral Codex Ten
by Scott Alexander
“California lets interest groups propose measures for the state ballot. Anyone who gathers enough signatures (currently 874,641) can put their hare-brained plans before voters during the next election year. This year, the big story is the 2026 Billionaire Tax Act, a 5% wealth tax on California’s billionaires. … On one level, it’s no surprise that California, a state full of bad socialists, is considering bad socialist policy. But I think this is the wrong perspective. This proposition isn’t being sponsored by some generic group of Piketty-reading leftists. It’s the project of SEIU (Service Employees International Union) a union of mostly healthcare workers.” (03/06/26)