California’s tax vote: Should high earners keep paying more for schools?

California voters will soon decide if wealthy residents should keep paying extra taxes to fund public schools. Enough signatures have been gathered to put the question on the November ballot. The proposal would lock in higher tax rates for top earners, originally approved in 2012 and extended in 2016. These rates apply to income over $360, 000 for singles, $721, 000 for couples, and $490, 000 for heads of households. Most of the money—89%—goes to K-12 schools, with the rest supporting community colleges.Critics argue that without this tax, California’s richest could get a break in 2030, forcing cuts for teachers. The state’s economy is massive, but wealth inequality remains high. Supporters say the tax is needed to prevent job losses for educators and keep schools funded. Meanwhile, another ballot measure aims to tax billionaires once, but experts debate whether that would work or push wealthy residents away. Both proposals reflect broader debates over taxes and fairness. Some believe high earners should contribute more, while others worry about economic side effects. The vote could shape California’s priorities for years.