Will the California billionaire wealth tax pass?
135
1.1kṀ15k
Dec 31
38%
chance
3

The "2026 Billionaire Tax Act" is a proposed initiative that would confiscate 5% of California billionaires wealth.

https://calmatters.org/health/2025/10/billionaire-tax-initiative/

Will a ballot measure that is basically this get on the ballot and pass in California by EoY 2026? Resolves YES if so, NO otherwise.

  • Update 2025-12-26 (PST) (AI summary of creator comment): The market will resolve YES if the ballot measure gets on the ballot and passes, even if it is subsequently held up by a court injunction and not actually in effect by end of 2026. The resolution is based on whether it passes, not whether it takes effect.

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bought Ṁ50 YES

Kalshi's version of this market

(Don't see any obvious differences between them. Kalshi has another market for "will it show on the ballot")

bought Ṁ100 NO

@DannyqnOht on a 5k volume, i don't think that's predicting much

What are you going to use to resolve the "because the mob demands it" part of the question?

@WilliamGunn Seriously? The resolution criteria are in the description man I don't know what to tell you. If a ballot measure like this passes, that is "the mob demanding it", the title is obviously me commenting on how ridiculous I find the situation.

@JohnDavidPressman Should I post a question asking "Will the sun rise tomorrow because @JohnDavidPressman is a big dummy?" You make a mockery of the market. Editorializing belongs in the description..

@WilliamGunn It's Manifold, you can in fact do that if you want bro.

bought Ṁ10 YES

If it passes but is put on hold by court injunction, so that it's not actually in effect by the end of 2026, how does this resolve?

@NicholasWeininger The question says "get on the ballot and pass", so if it passes but gets held up by a court injunction this resolves YES because the market is about whether it will pass. Yes this is technically at odds with the title but I hadn't considered that outcome when writing the title. The title was meant to be cheeky, always read resolution criteria etc.

@JohnDavidPressman Thanks for the clarification. I've created a variant of the question to enable betting on whether the tax actually takes effect (allowing for some slack time to resolve court challenges): https://manifold.markets/NicholasWeininger/will-the-proposed-california-wealth

This tax was dumb and avarice based, and passed, so I don't know why the wealth tax wouldn't also pass:

https://en.wikipedia.org/wiki/California_Mental_Health_Services_Act

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