Billionaires are fuelling authoritarianism and undermining
democracy.
A new report by Oxfam reveals how dangerous extreme wealth has
become. Just twelve billionaires now hold more wealth than half
of humanity combined – concentrating political power in the
hands of people no one elected.
That power funds the politicians and technologies that make
authoritarian policies possible. It’s brokered at closed-door
elite dinners, where moguls vie for Donald Trump’s attention and
pledge cash and loyalty. And it bankrolls the tools of control, like
the surveillance systems built by Peter Thiel-backed companies and
used by ICE.
But we have the power to change this. Right now,
California is fighting to put a first-of-its-kind billionaire
wealth tax on the ballot. Billionaires are already threatening
to flee the state simply because the tax is being debated—an
intimidation tactic designed to kill it before voters ever get a
say.
Public pressure is the deciding factor. If enough people speak
out now, this measure can make it to a vote, break billionaire
blackmail, and force the ultra-rich to finally pay their fair
share. This only works if we act together, and if we act
now:
Sign the petition urging California
lawmakers to pass the billionaire wealth tax now.
California isn’t just any state. It’s one of the most
powerful economies on the planet. What happens there sends a
signal worldwide, and passing a billionaire wealth tax would
prove that reining in billionaire power is possible.
The 2026 Billionaire Tax Act would impose a one-time five percent
tax on Californians with more than one billion dollars in wealth,
generating billions to fund health care, strengthen public schools,
and support other essential public services. And because
California sets the pace for policy change, success here would serve
as a blueprint for the rest of the world.
Billionaire lobbyists are already working behind closed doors to
kill this bill before the public can weigh in. If they succeed, the
ultra-rich will keep rigging the system while the rest of us pay the
price. This is the moment lawmakers need to see overwhelming
public pressure to push the bill forward.
Add your name now to show that
democracy answers to people — not billionaires.
