The “Shakedown Artist” Behind CA’s Billionaire Tax
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 6 July 2026
⏱️ 25 minutes
🧾️ Download transcript
Summary
Union leader Dave Regan has spent decades wielding California’s ballot system against the healthcare industry. Now, he’s the man behind California’s billionaire tax — a one-time, 5 percent tax proposal that has “unleashed a political earthquake” and pissed off everyone from Elon Musk to Gavin Newsom.
Guest: Dave Regan, president of SEIU-United Healthcare Workers West (SEIU-UHW)
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Podcast production by Rob Gunther, Evan Campbell, Madeline Thames-Ducharme and Patrick Fort.
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Transcript
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| 0:00.0 | I'm going to start with kind of a mean question, but I think you can handle it. |
| 0:10.5 | Okay. |
| 0:11.4 | Are you a shakedown artist? |
| 0:18.4 | No, absolutely not. |
| 0:22.9 | This is a guy named Dave Regan. |
| 0:26.2 | Dave leads one of the largest health care unions in the country, UHW. |
| 0:31.6 | And he's just taken on this big fight, campaigning for a one-time tax on billionaires |
| 0:36.8 | that Californians are going to vote on come November. |
| 0:40.0 | That's where this whole shakedown artist allegation comes from. |
| 0:44.2 | You know, it's obviously weird to hear those kinds of things. |
| 0:50.9 | And what I keep coming back to is when you're trying to accomplish things or solve problems for ordinary people, there's this pejorative language that everybody uses. |
| 1:06.0 | You know, sometimes I think if the union called itself a hedge fund, nobody would say those kinds of things about us. |
| 1:21.3 | You have really freaked billionaires out. |
| 1:24.5 | Like, I was just looking around for videotape, how the billionaires tax has been |
| 1:30.0 | talked about, and it's really hair-on-fire time for rich people in California. I get the sense |
| 1:36.8 | maybe you relish that, though. You know, sort of the juvenile delinquent in me kind of gets a kick out of that, you know, but the reason for that is it's just crazy. |
| 1:52.5 | And particularly in California, that's home to more billionaires than any other state in the country and not just garden variety billionaires, but these |
| 2:02.0 | huge billionaires, people like the Google founders and the Oracle founder, Larry Ellison, |
| 2:09.9 | and others, Mark Zuckerberg, life is really good for the billionaires in California, and |
| 2:17.3 | life is not so good for everybody else, |
| 2:20.4 | particularly when we look at what's going to happen to the health care system. |
| 2:23.9 | What's going to happen to the California health care system is cuts, lots of cuts. Many of them |
... |
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