Source: Forbes
“Organizers of a proposal to impose a one-time, 5% tax on the wealth of California residents with assets worth at least $1.1 billion say they’ve collected twice as many signatures as they need to get the measure before the state’s voters on November’s ballot — as a number of bold-faced billionaires have already change their residency. The union leading the effort said they’ve collected nearly 1.6 million signatures and will announce on Monday when they’ll be submitted to election officials for verification. The group needed the signatures of 875,000 registered voters, and must submit them to county elections officials by June 24, to get the controversial proposition on the ballot.” (04/27/26)