Politics● Low4h ago · Nov 10, 2026, 3:19 AM
California voters reject proposed one-time tax on billionaires' wealth
GlobeAlert Desk · curated from France 24 [en] · North America
California voters have rejected a proposed 5% tax on the net worth of billionaires, handing a victory to tech leaders who poured hundreds of millions of dollars into defeating the measure. The defeat of Proposition 40 also marks a setback for progressives seeking to tax the wealth of the ultra-rich.
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