Saturday, May 23, 2026

 

A BILLIONAIRE is running for Governor of California on a platform of "tax me more." He literally wears a hat that says "Class Traitor" to his rallies. And progressives are actually buying in.

Tom Steyer is worth $2.4 billion. That's not a typo.

The hedge fund founder turned climate activist has spent over $132 million of his own money to campaign for Governor of California, and his entire pitch is that people like him should pay drastically more in taxes.

He calls himself a "class traitor." He has it embroidered on his baseball cap. Furthermore, he says he will vote yes on a first-of-its-kind state wealth tax targeting California's richest residents. He's been endorsed by Our Revolution, the group Bernie Sanders founded.

The California Democratic Socialists endorsed him too, writing in their official statement that Steyer is "somehow" the most progressive candidate in the race "despite being a billionaire" who earned his wealth through "exploitation of the working class."

That has to be one of the most reluctant endorsements in the history of left-wing politics, and they still gave it to him.

Why? Because the anti-billionaire energy in this country is real and growing.

53% of Americans now say billionaires threaten American democracy, up 7 points in two years. Nearly 80% say they'd back a billionaire who "challenges unjust systems."

Bernie's Fighting Oligarchy tour is filling arenas. Mamdani is taxing pied-à-terre apartments and slashing NYC's deficit. AOC said flatly this month that you "can't earn a billion dollars" and a national debate broke out for days.

People are sick of being squeezed. Gas in California is over $6 a gallon. Rent is crushing. Groceries are spiking.

And while working families pick which bills to skip this month, Trump is fundraising at Mar-a-Lago and building a $300 million ballroom at the White House with billionaire donors.

Here's what California voters are wrestling with: if the billionaire is the one promising to dismantle the billionaire class, do you take the trade? It's a real question. The party that lectures working people about respectability while losing to a guy in a red hat is about to find out.

The class war is officially on.

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