California’s Billionaires Rage at Huge Tax Bill to Fund Illegal Migrants’ Health Subsidies
Neil Munro 14 Jan 20261/4(Long article but worth it)
California’s stock market billionaires are angrily denouncing a proposed tax to fund healthcare for the millions of illegal migrants they welcomed into their state. The tech sector “is getting what they had coming ….[after] pushing for open borders and unbridled employment visas,” said Kevom Lynn, founder of U.S. Tech Workers, which opposes the H-1B program. He continued:
A strong, middling class that can form families, pay for college educations without going into debt, and pay for health care, doesn’t need this kind of a [tax] grift … but now it’s on the tech bros to pay for the health care for all these illegal immigrants — and all the healthcare workers who have to service them.
“You funded Democrats and the people who censored, locked down, and tormented us. That was your political gamble,” said a message from conservative activistMike Cernovich. In a later tweet, he added: 90% of Tech and VC [executives] are cultural Marxists with a hatred of Americans. That’s why they want infinite [subordinate] H-1B’s. They hate [citizens].But, he added, “There’s a split happening … We can take back the country with 10% of them.”
Billionaire Rethink
The political drama is forcing many billionaires to recognize that their pro-migration policies are importing resentment and poverty, so shifting national politics against their pocketbooks.
The proposed tax is likely to appear on California’s ballot in November. Once passed, the measure would require roughly 200 billionaires to pay a share of the controlling value they own in companies, including companies they founded.
Proponents say the ballot would raise $100 billion, mostly for healthcare programs. On January 10, the Wall Street Journal quoted an official at the Service Employees International Union-United Healthcare Workers West, saying, “We’re simply trying to keep emergency rooms open and save patient lives…the few [billionaires] who left have shown the world just how outrageously greedy they truly are.”
Rep. Ro Khanna (D-CA), a supposed moderate Democrat, has supported the proposed tax. He needs the support of Democratic-aligned unions for his expected presidential campaign.
Many billionaires are blasting the tax as a crude wealth-grab — and some are leaving the state . (What about the non wealth tax, we have all been subject too, you idiots finally woke up.)“I love California … but stupid wealth tax proposals like this make it irresponsible for me not to plan leaving the state,” said DoorDash founder Andy Fang, who gained billions by creating an industry of poorly-paid migrant delivery workers.
https://www.breitbart.com/immigration/2026/01/14/californias-billionaires-rage-at-huge-tax-bill-for-migrants/