Ultrawealthy Plan $500 Million Fund to Influence Politics (in California)

[applegrove]

Ultrawealthy Plan $500 Million Fund to Influence Politics

March 12, 2026 at 11:48 am EDT By Taegan Goddard 68 Comments

https://politicalwire.com/2026/03/12/ultrawealthy-propose-500-million-fund-to-influence-politics/

“Silicon Valley billionaires have been seething over the threat of more taxes and regulations at home. Now, a proposed nine-figure fund aims to give wealthy Californians an unprecedented tool to reshape the state’s politics in their favor,” Bloomberg reports.

“The fund is being pitched to some of the state’s richest residents as an endowment that would operate in California for decades to come… Organizers are seeking $100 million this year, with hopes of reaching at least $500 million and up to $1 billion in the coming years.”

[multigraincracker]

1. Was that a loud.....

backfire I just heard?
Even in California non millionaires out number billionaires by a very large number.

[multigraincracker]

3. Wouldn't cost all the rest much to vote.

Might cost the “others” a little to counter their adds. Be well worth it.

[Tim S]

4. Meanwhile homeless people in CA go hungry. What a country!

I don’t think these people learned how to share in kindergarten

[applegrove]

5. They are not responsible to anyone.

[chowder66]

6. Cool. Boost our economy before you lose.

[Trueblue1968]

7. Make all of the ultra rich people pay president Dwight D Eisenhower taxes !!!

Yeah Eisenhower. The GOP who made them pay. I hope I am correct in my statement.