Tax billionaires.
Stop the California collapse.
We’re calling on California’s billionaires to step up and pay a one-time, 5% emergency billionaire tax to prevent the collapse of California healthcare and ensure our state’s families can get the care we need. The billionaire tax is a commonsense solution to a looming crisis and will help our state build a strong middle class.
Massive federal healthcare cuts are driving California towards a healthcare collapse
Deep federal cuts strip roughly $100 billion from California healthcare over the next five years—pushing our state toward a healthcare collapse that hurts California families. Insurance premiums will go up for everyone, and millions of Californians will lose coverage altogether. Local hospitals, clinics, and nursing homes, home care services that we rely on will cut services or close. Skeleton crews will left on the front lines as 145,000 healthcare jobs disappear, burning out the people who care for our families.
THE SOLUTION: A one-time, 5% emergency billionaire tax
How it works
Paid only by Californians worth more than $1 billion—about 200 people who together hold nearly $2 trillion in wealth, most of which will never be taxed in their lifetimes due to loopholes in state and federal tax laws.
Raises about $100 billion to replace lost federal dollars and protect essential services. Directs 90% of funds to healthcare and 10% to public K-12 education.
No new taxes on the middle class, small businesses, or homeowners.
What it does for Californians
Keeps hospital ERs, clinics, nursing homes, and home care open and staffed in every community.
Stabilizes premiums and coverage, so families can see a doctor when they need one.
Protects healthcare jobs and the middle-class economy they support.
Funds public K-12 education to keep classrooms staffed, protect programs, and ensure every child gets a quality education.
What we want is simple
Protect our fragile healthcare system from collapse so our families can get the care we need.
Billionaires doing their part to support California and contribute to the social safety nets and public infrastructure that enabled their wealth accumulation.
A state with a strong middle class where everyone can thrive.
THE BIG PICTURE: Billionaires can stop the healthcare collapse
The wealth of U.S. and California billionaires has grown enormously over the past decades — much faster than overall economic growth. In 1982, the wealth of the top .0002% Americans was about 2% of the country’s GDP (gross domestic product). In 2025, it has increased to 20% of GDP. From 1982 to 2025 the annual growth of billionaire’s wealth has been 7.5% per year, five times the growth of average incomes over the same period (1.5% per year).
