Voter Opinion

California’s proposed “Billionaire Tax Act,” a one-time 5% levy on the ultra-wealthy, faces significant voter skepticism and division. A recent poll shows initial support dipping when counterarguments are presented, with many voters doubting its revenue generation and fearing economic repercussions, including tax evasion and relocation of wealthy individuals. The initiative struggles to overcome concerns about potential negative outcomes outweighing promised healthcare funding benefits.