{"id":485270,"date":"2026-10-05T00:32:53","date_gmt":"2026-10-05T00:32:53","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/485270\/"},"modified":"2026-10-05T00:32:53","modified_gmt":"2026-10-05T00:32:53","slug":"prop-40-vermont-senator-bernie-sanders-holds-rally-supporting-california-billionaire-tax-proposal-in-san-francisco-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/485270\/","title":{"rendered":"Prop 40: Vermont Senator Bernie Sanders holds rally supporting California billionaire tax proposal in San Francisco"},"content":{"rendered":"

SAN FRANCISCO (KGO) — Hundreds of people gathered for Vermont Senator Bernie Sander’s “Ballots Over Billionaires” rally in San Francisco Saturday.<\/p>\n

“It’s a hot day so I needed some “bern” in my life,” said Josh Thomas, who traveled from Hayward. “Just been a big supporter of Bernie for years and I’ve yet to see him in person.”<\/p>\n

Bay Area representative Ro Khanna (D-Santa Clara) joined Senator Bernie Sanders (I-Vermont) to ramp up support for Proposition 40 or the so called “Billionaire’s Tax.”<\/p>\n

“Get off your yachts and your rocket ships, take a break from your cocktail parties and look around you.”<\/p>\n

The proposition would create a one time 5% tax of billionaires who live in California \u2014 roughly 250 people.<\/p>\n

The majority of the money would go towards health care.<\/p>\n

“If Proposition 40 doesn’t pass? 3.5 million Californians will lose their health care, and 150,000 health care providers will lose their jobs. It’s a no brainer,” said Rep. Ro Khanna.<\/p>\n

MORE: California billionaire tax: Here’s everything you need to know about Proposition 40<\/a><\/p>\n

And if you’re wondering what a Vermont senator has to do with Prop 40 \u2014 nothing directly.<\/p>\n

But Sanders has spent decades pushing ideas at the heart of this issue<\/p>\n

“Never before have we seen such an unprecedented level of greed, arrogance and irresponsibility on the part of the ruling class of this country,” said Sen. Bernie Sanders.<\/p>\n

But not everyone supports Prop 40.<\/p>\n

Former U.S. representative Katie Porter is part of a coalition voting no on the billionaire’s tax.<\/p>\n

“People are understandably desperate for something that’s going to fix health care. Prop 40 promises to do that, but it absolutely does not,” she said.<\/p>\n

She said she supports taxing the ultra wealthy, but this is the wrong way to go about it.<\/p>\n

“If we’re going to ask billionaires to pay up, and I think we should, then that money ought to go towards something that actually changes people’s lives,” Porter said.<\/p>\n

Californians will be able to cast their ballots on this starting on Monday.<\/p>\n


<\/p>\n

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