{"id":2134,"date":"2026-01-16T15:55:42","date_gmt":"2026-01-16T20:55:42","guid":{"rendered":"https:\/\/sunshine-by-us.com\/?p=2134"},"modified":"2026-01-16T15:57:08","modified_gmt":"2026-01-16T20:57:08","slug":"__trashed","status":"publish","type":"post","link":"https:\/\/sunshine-by-us.com\/index.php\/2026\/01\/16\/__trashed\/","title":{"rendered":"California billionaires flee state\u2019s wealth tax in the most-predictable result ever"},"content":{"rendered":"


\n

\"\"<\/a>
California billionaires flee state\u2019s wealth tax in the most-predictable result ever<\/figcaption><\/figure>\n

California’s proposed billionaire tax would retroactively tax net worth over $1 billion starting January 2026, forcing wealthy residents to leave or pay billions of dollars.<\/span><\/p>\n

It\u2019s a political earthquake. The wealthiest Californians are fleeing the state and taking their capital, resources and companies with them.<\/span><\/p>\n

The SEIU United Healthcare Workers West, a statewide union of service employees in California, introduced a ballot measure called the Billionaire Tax Act, to implement a one-time 5% tax on the net worth over $1 billion on any California resident. The tax is on total net worth, not income, and would snag rich people who have the bulk of their wealth in stock or property.<\/span><\/p>\n

The idea has yet to be voted on, and supporters of the measure will need nearly a million signatures by late June to get it on the ballot for November 2026.<\/span><\/p>\n

Source: California billionaires flee state\u2019s wealth tax in the most-predictable result ever<\/a><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

California’s proposed billionaire tax would retroactively tax net worth over $1 billion starting January 2026, forcing wealthy residents to leave or pay billions of dollars. It\u2019s a political earthquake. The wealthiest Californians are fleeing the state and taking their capital, resources and companies with them. The SEIU United Healthcare Workers West, a statewide union of […]<\/p>\n","protected":false},"author":2,"featured_media":2143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"yes","footnotes":""},"categories":[5],"tags":[50],"class_list":["post-2134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-opinion","tag-news"],"_links":{"self":[{"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/posts\/2134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/comments?post=2134"}],"version-history":[{"count":3,"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/posts\/2134\/revisions"}],"predecessor-version":[{"id":2145,"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/posts\/2134\/revisions\/2145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/media\/2143"}],"wp:attachment":[{"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/media?parent=2134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/categories?post=2134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunshine-by-us.com\/index.php\/wp-json\/wp\/v2\/tags?post=2134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}