Sacks warns other unions are preparing better-lawyered wealth tax initiatives for 2028 with broader union support.
“The only reason why there is political opposition, I believe, to the BTA is because it was done by only one union, the SEIU, UHW.”
Sacks predicts California wealth tax will make the ballot because SEIU has $8 million needed for 850,000 signatures.
“You only need about $8,000,000 to collect the signatures, 850,000 signatures. It's not that many in California. There's definitely millions of people in California who would love to stick it to billionaires.”