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Harbor Freight has several private-label brands, including Daytona — which is primarily a car jack brand — and Hercules, which offers premium-grade hardware that targets professionals. One of the best Harbor Freight brands is Bauer, which offers power tools, outdoor equipment, workshop gear, and similar products that are more prosumer-grade than more casual options.
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Along with tools and equipment, Bauer also makes storage solutions to hold and protect this gear — or any other hardware you might own. These storage options come in different shapes, sizes, and functionalities, though they are all relatively inexpensive compared to similar products from heavy hitters like Milwaukee or DeWalt. The Bauer Small Modular Toolbox (model 201327M-B), for instance, costs $30, whereas DeWalt’s comparable Tstak Small Parts & Tool Storage Organizer (model DWST17808) is $33 on sale — with an actual list price that is $20 more than that.
While both have similar widths and lengths and essentially do the same thing, the two differ in several areas. These include load capacity and durability, which are tied to the cases’ construction. While price is definitely a factor in choosing one product over another, it isn’t everything, and the DeWalt’s advantage may influence your mental math when considering these two products.
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DeWalt’s heavy-duty construction gives its toolbox an advantage over Bauer’s
Both the Bauer Small Modular Toolbox and DeWalt Tstak Small Parts & Tool Storage Organizer offer removable bins with lids that offer good organization. Bauer’s lid has six removable compartments, but DeWalt’s has seven inserts (although they’re not removable). Each also offers the full width of the case without the bins for larger tools. Comparing the two boxes, Bauer’s toolbox is slightly larger, with Harbor Freight listing the maximum storage space of its toolbox as 1,110 cubic inches. DeWalt says its organizer has a volume of 3.7 gallons, which equates to about 855 cubic inches.
However, DeWalt has Harbor Freight beat in load capacity. The working load of the Bauer Small Modular Toolbox is 25 pounds, whereas the DeWalt Tstak Small Parts & Tool Storage Organizer tops out at 66 pounds, meaning it can safely carry over 1.6x more weight. That’s a big difference and may be the biggest reason a user would choose DeWalt’s case over Harbor Freight’s cheaper option. Plus, Bauer’s toolbox is significantly heavier than DeWalt’s at 9.1 versus 5.57 pounds, which may be another factor in its favor.
Part of the reason DeWalt’s case can carry more weight but has less space than Bauer’s is its heavy-duty construction. The DeWalt box is made out of thermoplastic polypropylene and strong, rust-resistant metal latches that can bear heavier loads. It also has a large, top-mounted handle for better portability than the Bauer.
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Compatibility with other storage options should also be considered
Both cases are part of their brand’s proprietary systems and only connect to other cases and accessories from the same system (at least, without adapters). This could sway you in one direction or another; if you own a DeWalt Tstak Rolling Toolbox or Tstak Stackable Utility Cart, the DeWalt Tstak Small Parts & Tool Storage Organizer might be worth the higher cost, since it’ll be compatible with the products you already have. The cheaper Bauer Small Modular Toolbox would need to be used separately from any DeWalt stack, though it works perfectly with Harbor Freight’s new and improved rolling toolbox.
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It’s important to note that DeWalt currently has two separate modular storage systems: Tstak and ToughSystem. Without an adapter, DeWalt’s Tstak and ToughSystem 2.0 products are not compatible with one another. ToughSystem caters more to professionals who require storage that can withstand harsher jobsite environments. Tstak, on the other hand, is better suited for DIYers and more casual users. You can, of course, purchase whichever you prefer.
Compared to Bauer’s cheaper toolbox, Tstak’s is the more durable, heavy-duty option, which may justify its higher price tag for some. Those buyers will also be able to take advantage of DeWalt’s other Tstak products and build out a solid storage setup for their tools.
David Liu sat down at his computer, his wrist still aching from whatever had ailed it, and picked up a Kensington SlimBlade Pro trackball in the hopes that it would provide some much-needed relief from all the mouse clicking. Four months later, this became a completely new way to manage 3D applications. Simply roll the ball back and forth like you would on a desk to rotate and move objects with natural ease.
He’d always been fascinated about the two optical sensors that came with this peripheral, which Kensington had begun installing in 2009 to allow users to browse through documents using the twist gesture. But he believed they were capable of much more. They tracked every movement of the trackball in three dimensions; all he needed to do was figure out how to extract the raw numbers. Liu took a close look inside the trackball, scrutinizing the signals originating from the optical sensors. He created new firmware that extracted all of the rotation data directly from both sensors, eliminating the factory chip’s limited output, which only sent out simple cursor motions or scroll steps. He slapped on a bespoke circuit board to run the new software, and before he knew it, he had everything straightened. Plug it in, and a digital cube began spinning as his hand moved the physical ball, which was strange.
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Getting it to function perfectly, however, required weeks of careful adjustments, as he’d roll the ball slowly and then flick it hard, altering numbers until the on-screen movement matched the feel of his fingertips. What he actually needed was position control; a ball moved an inch, and the model turned an inch. No more experimenting with a joystick and hoping for the best. Accuracy arrived without continuously correcting oneself, and the next thing he knew, translation was added. To do so, he just held down one button and the ball slid the view forward, backward, or side to side. Pushing the ball’s edge away causes the model to drift deeper into the screen; pulling it towards you causes it to approach closer. After a few tries, he realized that rotation and movement could be controlled with one hand and six degrees of freedom.
As an added bonus, he retained the trackball’s original mouse function intact, which moved the cursor and clicked like a standard mouse. Press and hold control to rotate the 3D model, then shift to pan or zoom the view. You could keep your left hand on the computer for shortcuts and only utilize one ball for the entire task. Choice was good, but now you didn’t even need to select between a mouse and a dedicated controller, because one ball accomplished everything. Software integration improved the whole experience; in Fusion 360, the controller would read the cursor position and simply orbit the model around whichever surface was beneath the pointer; this also worked in Blender, FreeCAD, and Onshape when he wrote little hooks for each software. A model would remain centered where your gaze was directed rather than floating off-screen every time you turned it a small amount. [Source]
If you’re in the market for some new tires, you may feel safest opting for one of the true titans of the industry, like Michelin. Though the French brand’s tires are world-renowned, they’re not infallible: For instance, some drivers have given a particular type of Michelin all-season tires a shockingly low rating. The key is to do your research and make the best choice for your vehicle, driving habits, the weather in your part of the world, and your wallet. To help make that decision, it can be a real boon to get unbiased input from everyday drivers and professional reviewers alike.
You’ll want something that will last well, has a solid warranty, and is versatile enough to withstand a variety of road conditions. According to drivers, Michelin’s Defender 2 tires score well in these categories. Let’s take a look at what those who have experience driving on these tires have to say about them. Of course, opinions will differ among drivers, and there won’t be a complete consensus on any one category. What is important, though, is to get a broader perspective on which tire variety best fits your circumstances.
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Overall durability and consistency
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If you’re the proud owner of a formidable racing machine, you might equip it with the likes of the Michelin Pilot Sport Cup 2. Note, though, that they’re high-performance tires not equipped for situations such as off-roading or roads affected by inclement weather. For occasional or more conventional commuters, on the other hand, it would be quite a hassle to switch out your tires for ones that may be better suited to the situation. Drivers typically give the Defender 2 tires high kudos, partly for their long-life design.
Michelin itself declares that the line offers great “all-season on-road tire[s],” and it would seem that a lot of customers agree. Of 112 published reviews submitted to the manufacturer’s official site at the time of writing, they average 4.6 out of 5 stars. Beyond that, 90% of those drivers would recommend the tires to others.
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There can be nothing more irritating (and potentially expensive) for a driver than tires that don’t wear evenly. This isn’t always something they can control, even if they’re quite meticulous about rotating their tires, and it can mean that some tires are distinctly more worn than others. This causes potential issues where one or more may need to be replaced earlier (or later). To help with this prominent issue, the Defender tire family from Michelin incorporates a technology called MaxTouch Construction. MaxTouch 2.0 is built into the Defender 2 tires, a system that builds upon the one included with the previous generation. The concept is to spread the forces of contact with the road more evenly across the tire’s surface, helping keep wear relatively even, too.
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Tire tread life
Another factor for which the Defender 2 tires are very well regarded is their tread life. In fact, it’s a quality that they’ve frequently been commended for in reviews. One buyer on Michelin‘s site noted in a review that they had an “exceptional life,” elaborating that “under regular rotation and balance, tires easily made it past 70,000 miles.”
The brand offers a limited warranty of 80,000 miles, which is indeed quite a feat for the model to reach. The important caveat, though, is that longer lifespans are typically only achieved when the tires are properly cared for and regularly maintained. However, drivers’ opinions and user reviews highlight that the Defender 2 is effectively built to last.
One outlet, Torque News, reported that the tire wear was very impressive, though it added that the level of wear will differ depending on where the tire is used. Nonetheless, the Discounted Wheel Warehouse adds, the body of the tire itself is also built to be resilient, featuring a “high-turn-up ply design that adds sidewall strength without stiffening the ride too much. In addition, the twin steel belts reinforced by a polyamide cap ply provide stability at highway speeds.” It’s these aspects of its design, coupled with its long-lasting tread, that make it a high-quality, resilient tire for a wide range of applications.
Beyond this, though, the Defender 2 offers further versatility in the range of vehicles it’s suitable for.
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Versatile enough to suit a wide range of heavier vehicles
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To the untrained eye, it can be difficult to tell one variety of tire from another. A professional or veteran driver, though, will quickly tell you that tires vary wildly in both quality and purpose. As a result, even if customers sing the praises of a particular type of tire, it may not be appropriate for your specific vehicle.
Luckily, this is less of a concern with the Michelin Defender 2. This tire is designed to be hard-wearing and long-lasting, to the extent that BornToDrive dubbed it “Michelin’s longest lasting passenger car tire.” It was also engineered, however, to handle the higher torque and curb weight of modern vehicles. This means, for instance, that it can be used with EVs, which are typically much heavier than their gas-powered counterparts due to their hefty batteries. This also applies to the likes of minivans and other weightier machines. All of this helps ensure that the tire is a versatile option and can also excel in this specific scenario where others may not.
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As Tire Review reported in 2022, the Defender 2 family was added to the range with an eye to serving such vehicles through 19-inch and 20-inch rim options. According to the outlet, the senior director of Michelin brand and retail marketing, Pierluigi Cumo, explained at the time that “as the market evolves toward electrification and small SUVs, we continue to strengthen our leadership in longevity and performance.” These are some of the watchwords that have come to define this tire brand.
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The comfort of a Defender 2 ride
In January 2026, Knowledge Stacks created a multifaceted review of the Defender 2 versus another popular Michelin tire family, the CrossClimate 2. In the comfort category, the outlet declared the former to be the better tire, noting that it is “made to make your car feel like it is floating over bumps.” As any driver who’s had the misfortune of catching a bump at the wrong angle will tell you, this is quite a claim, but it speaks volumes about the virtues of the tire in some drivers’ eyes.
Discussing those two tire types in a Facebook group for KIA EV6 owners, one driver found the Defender 2 considerably more comfortable than the CrossClimate counterpart, and other owners chimed in to note that they found the Defender family model quieter. While some of these factors can certainly be put down to driving styles, tire age, and other factors, it remains true that the Defender family is often praised for this very thing.
In another review, it was noted by Canada’s Blackcircles that “the Defender 2 […] stays rock steady no matter what the conditions. Downpours, sun-baked highways, rough rural roads—nothing seems to shake it.” The outlet similarly notes that it isn’t a tire for racing machines, but rather one for reliable performance and versatility for the average ride. In our comparison of the Defender 2 and CrossClimate 2, in terms of which tire model is the best fit for your car, we concluded that the Defender 2 is an accomplished all-rounder that will suffice for most drivers’ needs, while more challenging conditions like regular heavy snowfall are often better tackled by something more specialized.
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Wet weather performance
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Now, it’s true that the Michelin Defender 2 isn’t specialized for rainy weather in particular. They did not make our rundown of the best tires for driving in the rain. Though not specifically designed for such, it would be quite a blow to their versatility if they couldn’t cope, and so their performance is deemed admirable by many drivers.
Tire World Utah reported after its testing that while not as strong in this area as fellow Michelin models like the CrossClimate 2, they can perform well and retain solid traction in rain. This is because they have tread blocks that prevent them from losing traction as dramatically as they age, and their design also incorporates, as YouTube’s Born to Drive™ notes, complex patterns that have a practical purpose: channeling water away from the tire to maintain maximum grip.
Torque News also praises the model’s performance in inclement weather, noting in a September 2023 review update (on a long-term test that began that May) that “The tires are new but broken in now,” and proved not to be prone to the dread hydroplaning that can be the scourge of rainy weather driving.
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This is an enormous boon because sometimes you just can’t predict when a protracted downpour might occur. If it does so while you’re parked up or mid-journey, unsuitable tires can leave you very vulnerable. This is where the jack-of-all-trades qualities of the Defender 2 can shine, allowing you to take off into a day of uncertain weather with (relative) confidence. Individual drivers will have their own experiences with and opinions on the Defender 2, of course, but overall, they’re a well-regarded model worth considering.
A rare first-edition “Toy Story” book signed by Steve Jobs will go up for auction on April 30, 2026, in Los Angeles, tied directly to the Pixar IPO that made him a billionaire.
Toy Story book
Nate D. Sanders Auctions will auction a rare Steve Jobs artifact on April 30, in Los Angeles. Bidding will start at $20,000, targeting seasoned collectors of high-end Apple and film memorabilia. A first-edition copy of “Toy Story: The Art and Making of the Animated Film” signed by Steve Jobs and John Lasseter anchors the lot. Their signatures tie together Pixar’s financial backing and creative leadership at a pivotal moment in the company’s history. An original “Toy Story” promotional brochure housed in a red leather case is also included. Added material presents the offering as a complete display piece with stronger historical context. Continue Reading on AppleInsider | Discuss on our Forums
Despite its widespread use, it’s easy to forget that AI platforms are relatively new. However, the technology has now matured enough that the American Customer Satisfaction Index (ACSI) has released its inaugural survey of AI platforms. The survey covered six of the major platforms, and each was rated on benchmarks including complex task handling, trust, accuracy, and user interface.
Before we look at the findings, let’s look at the ranking system the ACSI uses. The platforms are graded on a scale of 0 to 100, with the total for each platform based on the average of the scores across all the benchmarks. The platforms covered in the survey were Gemini, ChatGPT, Grok, Claude, Copilot, and Perplexity AI, with a total of 2,711 people taking part in the survey.
While there was a definite winner, the results also showed that there wasn’t much separating the platforms. In the top spot was Google’s Gemini platform, which scored 76 out of 100. Coming in second place was Microsoft’s Copilot, which scored 74. ChatGPT and Claude tied for third place with a score of 73. Finally, at the bottom of the pile with 71 were Perplexity AI and Grok.
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While scores in the seventies might sound impressive, the ACSI also notes that this figure is similar to that of energy utilities, social media platforms, and mortgage lenders — as the study notes, these aren’t industries renowned for customer satisfaction.
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What the survey reveals about AI users
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The survey also revealed some interesting facts about how AI is being used and by whom. Perhaps surprisingly, given the prominence of the technology, is the fact that over half the respondents (56%) haven’t used any AI platform recently. The flip side of this is that those who do use it use it heavily, with 61% using it multiple times daily.
One interesting pattern to emerge from the data was how AI usage seems to increase with income. For instance, while 44% of respondents have used AI recently, that number increases to 72% for those who make $100,000 or more per year — the majority of whom used it several times a day. There was also a difference in customer satisfaction ratings when comparing premium tiers. If you’ve wondered whether Gemini Advanced is worth paying for, then the data suggests there’s a case. Gemini’s paid tier came out on top with 82. ChatGPT moved up to second with 80, and Perplexity was worst with 74.
Of course, we can’t discuss AI without mentioning the ongoing concerns with the technology. Data security and privacy concerns scored 72 in the survey, which is below the average benchmark rating of 73. Again, not much of a difference, but it does reflect user concerns and highlights why there are certain things you should never tell ChatGPT or other AI platforms. Finally, and staying on the topic of user concerns, the survey revealed that 21% of respondents had an extremely favorable outlook on the future of AI, while the same percentage were very concerned about AI in the future. It seems that AI is still a polarizing issue.
Anyone who watched last week’s episode of Half Manwill likely understand why I can hardly bring myself to watch again this week.
Created by Baby Reindeer‘s Richard Gadd, the show follows brothers Niall (Jamie Bell) and Ruben (Gadd) through 30 years of their lives, exploring the highs and lows of their turbulent relationship.
We can expect our first real-time jump this week, but when will Half Manepisode 2 be released on HBO Max and BBC iPlayer?
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What time can I watch Half Man episode 2 on HBO Max and BBC iPlayer?
[Shreeyash] asks an interesting question: how many registers does your CPU have? The answer is probably more than you think. The reason? Modern CPUs — at least many of them — execute instructions out of sequence so they can perform multiple instructions per clock cycle. To do this, they may need to execute instructions that change registers that other instructions are still reading. In addition, you might be writing a result speculatively — a branch might make it where your result won’t wind up in the target register. The answer to both of these problems is register renaming.
The ARM CPU he looks at has many physical registers you can’t see. These get mapped to the registers you use on the fly. So when you read a register in software, you are really getting an underlying physical register. Which one? Depends on when you read it.
The RAT, or Register Alias Table, keeps track of the mapping between physical registers and the register names you use. Not only does this allow the CPU to run operations out of order, but it also lets results sit in unnamed physical registers until the time is right for it to become the real register. As a byproduct, moving one register to another becomes fast since you can just copy the alias of one physical register to another logical register.
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Not clear? Try reading the post. There are other ways to get the same result (e.g., reservation stations), but the technique goes way back to mainframe computers. While it didn’t appear right away in microprocessors, modern ones often execute out of order and have to have some scheme to address this problem.
If you build your own CPUs with FPGAs, it is possible to do the same trick. There are also RISC-V variants that can do it.
Oliver Schusser from Apple Music says a third of uploads are AI-generated
Despite this, only 0.5% of all users are engaging with this content
Apple Music has plans to combat the AI epidemic even further
Apple Music has become the latest music streaming service to be hit with the influx of AI-generated content, says its VP Oliver Schusser — but it’s reaching only a very small percentage of all users.
Speaking with Billboard ($/£), Schusser shed light on the state of AI music in Apple Music’s library, sharing that “more than a third of what (Apple Music) get(s) today is actually what we would say is 100% AI”.
It goes to show that it’s becoming easier for labels and distributors to submit music that’s completely made using AI, and Apple Music isn’t the only service that’s facing this epidemic. Just last week, Deezer declared that nearly half of the new music submitted to the platform is AI-generated, resulting in the company’s decision to stop offering hi-res versions of these songs.
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So, how is Apple planning to put out the AI fire? Well, Schusser went into further detail in his interview. “We’ve never talked about this — but we’ve developed technology in-house that would allow us to exactly see what music people are delivering us, what AI (model) it is and all that,” he reveals, likely referring to Transparency Tags.
Back in March, Apple sent out a letter to industry partners revealing its plans to roll out ‘Transparency Tags’, a new metadata system to help flag AI-generated and AI-assisted music. This means labels and distributors can disclose whether AI has been used in a song’s production when submitting to Apple Music. Though it’s optional, Schusser made it clear that he “really need(s) the content providers and the labels to take responsibility”.
There’s no denying that fully AI-generated music is cropping up in the best music streaming services, but Schusser unveiled an interesting statistic that may come as a surprise: despite the rise, it’s not having a huge impact on users’ listening and engagement habits. “The reality is, the usage of the AI music on Apple Music is really tiny. I’m rounding, but it’s below 0.5% of usage. We’re just at the beginning here,” he told Billboard — but fraud is still rife.
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This is another issue on which Apple Music is clamping down, but it’s been doing this since the good old iTunes days: “This has been a 20-year journey because there was fraud, obviously, in iTunes already,” Schusser said, which led to the introduction of Apple’s fraud penalty. The company also doubled this penalty as of this year.
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But the battle isn’t over, as Schusser puts it, “We invest way more than anyone else in reducing and eliminating fraud. We implemented a fraud penalty four years ago, where if we catch someone, then we actually take the money and put it back in the pool. We need to monitor AI music because there’s a correlation between AI and fraud”. He also shared that Apple has seen a “60% reduction” in fraudulent uploads after implementing the penalty.
As it stands, I’ve been one of the lucky ones not to have run into AI-generated music flooding my recommendations in Apple Music as well as Spotify, though the latter has come under significant scrutiny for housing AI slop. Like other platforms, Spotify is also working toward safeguarding users by removing 25 million AI tracks in the last 12 months, and devising a solid AI combat strategy for the future.
Bowers & Wilkins is kicking off the warmer months with a fresh wave of color across its flagship headphone and earbud lineup. The British audio brand has introduced new finishes for three of its most celebrated products, the Px8 S2, Px7 S3, and Pi8, bringing the total portfolio to 21 variants. Despite the expanded color range, the audio performance that made Bowers & Wilkins a household name among audiophiles remains the same.
New colors for the Bowers & Wilkins Px8 S2 and Px7 S3 headphones
Starting at the top of the range, the flagship Px8 S2 gets two new finishes: Midnight Blue and Pearl Blue. Both are trimmed in soft Nappa leather with complementary aluminium detailing, and they sit alongside the existing Onyx Black, Warm Stone, and McLaren Edition options.
Bower & Wilkins
The Px8 S2 is built for serious listeners who want a slimmer, more comfortable fit for long flights or extended wear, and these new colorways make it easier to pick one that matches your personal style. It retails at $799.
Meanwhile, the Bowers & Wilkins Px7 S3 has a single new finish called Vintage Maroon. Its rich color pairs well with the headphone’s reputation as the more accessible entry point into the Bowers & Wilkins lineup. If you want strong noise cancellation and detailed sound for commuting or working from home without paying flagship prices, the Px7 S3 at $479 is worth a serious look.
The Pi8 earbuds are also available in two new colors
Bower & Wilkins
The Pi8 true wireless earbuds get two new additions: Pale Mauve and Dark Burgundy. Both are pocket-sized and designed for all-day comfort, making them a strong pick for anyone who wants big sound without the bulk of an over-ear headphone.
The Pi8 delivers crisp, detailed audio with excellent noise cancellation, and at $399, it sits at an interesting price point for anyone who wants the Bowers & Wilkins experience in a more portable form. All new color options across the Px8 S2, Px7 S3, and Pi8 are now available for purchase on the website.
Skye, an iPhone app still in private testing, wants to change how people interact with AI on their smartphones. And even before it’s launched, it’s already attracted interest online and from investors and “tens of thousands” of users, according to its creator — a sign that consumers might want a more AI-aware iPhone.
Instead of launching an app or speaking to an AI chatbot, the startup is working to design an “agentic homescreen” for the iPhone, using iOS widgets as its interface.
Through those widgets, Skye would bring a sort of ambient intelligence to your device, offering personalized insights about your local weather, your current context, your health, and more, according to a post from its creator, who goes by signüll on X. The app can also draft email replies, help you with your meeting prep, send reminders, and flag suspicious charges in your bank accounts. Its creator also claims it can provide location-specific recommendations and additional information about local businesses, neighborhoods, and attractions while you’re out and about.
Much of this data would be pulled in through authorized connections granted by the user.
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The app, which is being built by a small team from the startup Signull Labs, has already attracted investor attention, despite not yet having a public product.
According to an SEC filing, the startup has raised north of $3.58 million in pre-seed funding, in a round that closed in September 2025. Pitchbook also currently lists New York-based Signull Labs’ funding along with a post-money valuation of $19.5 million.
Since announcing the startup’s plans on X, signüll, whose name TechCrunch confirmed as Nirav Savjani according to the SEC filings and other documents, claims the app has added “tens of thousands” of users to the waitlist. This metric, if accurate, would suggest strong consumer interest in a more AI-aware iPhone. (And potentially, the possibility that a new type of AI device, like the rumored OpenAI smartphone, could have a chance.)
holy fuck the response to yesterday’s lunch has been absolutely unreal. ~million views on our video, tens of thousands added to a waitlist that was already 25k+, & hundreds & hundreds of emails & DMs from investors & ppl genuinely excited about what we’re building. our discord is… https://t.co/jqtU9zELqH
TechCrunch spoke to signüll, who shared more about the product and funding, under the condition of protecting his pseudonymity. TechCrunch declined, as signull’s name is listed publicly in the SEC filings establishing Signull Labs. (TechCrunch said we would still be happy to publish an interview with him when he’s prepared to go on the record.)
Image Credits:Skye/Signull Labs
The founder noted he’s previously worked at Google and Meta, though he has no obvious LinkedIn presence. He also told TechCrunch that Skye’s early backers included a16z (Andreesen Horowitz), True Ventures, SV Angel, and other individuals. Offline Ventures also lists Signull Labs in its online portfolio, we found.
California’s proposed billionaire tax appears headed for the November ballot after backers said they gathered more than 1.5 million signatures, well above the threshold needed to qualify. SF Standard reports: Backers of the initiative announced this weekend that more than 1.5 million people signed a petition to bring the one-time, 5% wealth tax to a statewide vote come November. That’s well beyond the 875,000 names needed to qualify the measure, and likely sufficient to account for illegible or invalid signatures. The Service Employees International Union United Healthcare Workers West, a union representing more than 120,000 healthcare workers, pitched the tax to make up for federal spending cuts that threaten to shutter hospitals(opens in new tab) and kick millions of people off medical insurance.
Proponents of California’s wealth tax estimate it would raise $100 billion in one-time revenue, even if some billionaires leave because of the measure. The nonpartisan California Legislative Analyst’s Office forecasts tens of billions in upfront revenue, but cautioned that the tax could cost hundreds of millions or more a year if some billionaires move out of state. The proposal, which needs a simple majority to pass, would apply to assets of people with net worth of $1 billion or more who lived in California as of Jan. 1 this year. That means it would affect about 200 people, according to the SEIU-UHW.
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