STATEMENT: Meta’s Agreement to Keep Mark Zuckerberg in California Proves Billionaires Can Pay Proposition 40’s One-Time Wealth Tax
Following reports that Meta reached an arrangement designed to keep CEO Mark Zuckerberg in California for eight years, TURN Campaign Manager Igor Volsky issued a statement highlighting how the move underscores billionaires’ ability to manage and pay Proposition 40’s one-time wealth tax rather than leaving the state.
PHOTOS: Prop 40 Bus Tour Mobilizes Students At UC Berkeley Alongside Councilmember LunaparraT
The Tax the Ultra-Rich Now (TURN) bus tour hosted Berkeley City Councilmember Cecilia Lunaparra, organizers with Bay Rising and SEIU-UHW, and UC Berkeley students for an on-campus organizing event. Joined by Councilmember Lunaparra, TURN campaign manager Igor Volsky, SEIU-UHW member leader Lala Gonzalez and political organizer Joi Williams, and students from across campus rallying for Prop 40, speakers highlighted why young Californians voters are mobilizing in support of the billionaire wealth tax this November.
WATCH: Supervisor Chan, Tax the Ultra-Rich Now Urge Support for Prop 40 & National Wealth Tax
Tax the Ultra-Rich Now (TURN) today hosted a press call with Supervisor Connie Chan, Progressive Change Campaign Committee Co-Founder Adam Green, and author Adam Becker focused on highlighting policies that will combat the greed and wealth inequality worsened by AI.
PHOTOS: Prop 40 Bus Tour Hosts “Server for an Hour” With Bay Area Electeds and One Fair Wage
Earlier today, Tax the Ultra-Rich Now (TURN) and One Fair Wage Action, in partnership with the Alameda Living Wage For All coalition, hosted a “Server for an Hour” event at Calabash in Oakland, putting elected officials in the shoes of the restaurant workers who keep the Bay Area running. As part of TURN’s cross-state bus tour, the event featured Oakland City Councilmember Charlene Wang, Oakland City Council Candidate Nate Adams, Oakland School Board Members Valerie Bachelor and Patrice Berry, Berkeley City Councilmember Igor Tregub, and Emeryville City Councilmember Kalimah Priforce donning aprons and serving lunch.
Tax the Ultra-Rich Now Bus Tour Kicks Off at “Ballots Over Billionaires” with Sen. Sanders
Earlier today, at the “Ballots Over Billionaires” rally with Senator Bernie Sanders (VT) in San Francisco, Tax the Ultra-Rich Now (TURN) kicked off its statewide bus tour in support of Props 40 and 3. Running from October 3 to October 11, the tour builds on TURN’s six-figure campaign to rein in the outsized wealth and power California’s billionaires hold at the expense of working families.
Tax the Ultra-Rich Now Launches Bus Tour Across California Supporting Props 40 and 3
Tax the Ultra-Rich Now (TURN) kicks off a week-long, statewide bus tour tomorrow in support of Proposition 40 and Proposition 3, hosting events with advocates, experts, and policymakers across California. Running from October 3 to October 11, the tour builds on TURN’s six-figure campaign to rein in the outsized wealth and power California’s billionaires hold over working families, the economy, and our democracy.
NEW REPORT: 22 CA Billionaires Spent Over $227 Million Fighting Prop 40 While Their Wealth Grew Nearly 65%
Ahead of the November 3, 2026 election, when California voters will vote on Proposition 40, a new report released today by Institute for Policy Studies and Tax the Ultra-Rich Now (TURN) reveals that 22 California billionaires have poured at least $227 million into defeating the initiative—even as their fortunes grew by nearly 65 percent over the last 20 months.
California billionaires opposing Prop. 40 saw their wealth soar, report says
California billionaires saw their net worth rise roughly 25%, or $432 billion, in less than two years, according to a new analysis by progressive groups backing the Proposition 40 billionaire wealth tax. The gains were especially pronounced for 22 California billionaires who’ve publicly opposed the one-time, 5% wealth tax; they saw their net worth rise nearly 65%, or $280 billion, in the 20 months leading up to Sept. 1, according to the report from Institute for Policy Studies and Tax the Ultra-Rich Now.
A slight majority — 52 percent — of voters support Proposition 40, which would impose a one-time, 5% tax on billionaires’ assets, according to the Public Policy Institute of California survey. But that is a fragile lead as opponents prepare to spend tens of millions of dollars on an ad blitz.
Becerra’s ballot allies | Politico California Playbook
A new committee formed to pass Prop 40 is aiming to nationalize SEIU-UHW’s wealth tax message, arguing that the measure is not simply about funding for health care but also “picking a side” in what they describe as a battle for democracy. The committee, Tax the Ultra-Rich Now, organized and seeded with an initial $250,000 from Alan Davis, the director of WhyNot initiative and chaired by Igor Volsky, the campaign director of Tax the Greedy Billionaires, plans to make that case to voters via a statewide bus tour kicking off early next month. “This is about something a lot larger than revenue,” Volsky said. “This is about who controls the future.”
Billionaire tax picks up key endorsements from Democratic, labor groups
To counter the flood of money being spent in opposition to a proposed state billionaire tax — as well as the opposition of some prominent officials and labor groups — proponents of the measure are likely going to need the support of some powerful allies. In recent days, they got just that.
Momentum Grows for Billionaire Wealth Tax in California
A California ballot measure that would impose a one-time tax on the state's billionaires has received another major endorsement, as supporters seek to build momentum ahead of a vote later this year.
