A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago, on September 7. When it was "just" 178% higher than on January 1, 2023. They’d rather let 3 million people lose their health insurance than let that happen.

Voters are being deliberately misled by the billionaires. On the surface, Prop 41 calls for state government audits, while Prop 42 promises to protect savings and retirement accounts from taxation. This looks appealing on the surface but makes no sense: there are already audits in place, and no plan to tax retirement savings. The only goal of Prop 41 and Prop 42 is to nullify the billionaire tax if it passes. Yet their campaign materials mention neither Prop 40 nor billionaires. As a result, most voters do not realize that passing these measures could nullify a “yes” on Prop 40. Current polls show majorities supporting all three measures at the same time—Prop 40, Prop 41, and Prop 42. We have therefore reached the absurd situation in which the billionaire tax could be approved and overturned by the very same voters on the very same day, due to misinformation.