Sen. Bernie Sanders, a Vermont Democrat, has urged the Service Employees International Union-United Healthcare Workers West and other trade unions to put a 5% billionaires’ wealth tax on the California ballot. If passed, this initiative would raise $100 billion from only 200 billionaires in California, who together are worth over $2 trillion. This money would prevent millions of low-income and working-class Californians from losing healthcare and nutrition assistance due to President Donald Trump's "Big Beautiful Bill". Since 1975, nearly $80 trillion has been redistributed from the bottom 90% to the top 1%. While the very rich get much richer, more than 60% of Americans are living paycheck to paycheck and nearly half have nothing saved for retirement. Sen. Sanders has proposed legislation establishing a 5%. annual wealth tax for the 938 billionaires in America who collectively are worth more than $8.2 trillion and represent just 0.000003% of our population.