In a recent fiery speech in Los Angeles, Senator Bernie Sanders intensified the political battle over California's proposed 5% wealth tax on billionaires, criticizing the 'grotesque' levels of economic inequality and the 'greed' of the ultra-wealthy. He warned that billionaires are 'treading on very, very thin ice' and urged California voters to support the tax, which aims to raise funds for healthcare and public services. Sanders condemned the 'arrogance' and 'moral turpitude' of the nation's 'ruling class,' calling it 'fairly disgusting' that some ultra-wealthy tech leaders have fled California or threatened to do so if the proposed wealth tax becomes law. This initiative could affect around 200 billionaires with a combined net worth of approximately $2 trillion, generating an estimated $100 billion to offset healthcare cuts from the Trump administration.