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“Californians vote Tuesday on whether to tax billionaires' net worth, a ballot measure that has split liberal leaders and drawn enormous spending from the ultra-rich.”

“Californians vote Tuesday on whether to tax billionaires' net worth, a ballot measure that has split liberal leaders and drawn enormous spending from the ultra-rich.”

“California could become the first State in the nation to tax the net worth of billionaires, it was proposed on Tuesday (November 3. 2026) under a ballot measure that has divided liberal leaders nationally and triggered one of the most expensive ballot fights…”

“Now, Californians are voting on Proposition 40, which could prove to be just as revolutionary — but in the opposite direction: it would create America's first-ever wealth tax targeted at billionaires.”

“Kalshi: 95% | Polymarket: 94% Proposition 40 — Billionaire tax: Imposes a one-time wealth tax on billionaires to fund health care and educational facilities.”

“From transgender rights to taxation on high earners, here are some of the major ballot proposals that voters will consider on Election Day.”

“Prop. 40 asks voters to approve a one-time, 5% tax on the wealth of billionaires, including their ownership in companies.”

“It would impose a one-time 5% wealth tax on the worldwide assets of each of the state's roughly 250 billionaires.”

“…he money is being spent to defeat a statewide initiative to impose a new tax on the assets of billionaires, a multifaceted opposition effort bankrolled primarily by ultra-rich Californians being targeted by a measure that supporters call an economic…”

“Proposition 40 asks Californians whether to impose a one-time 5 per cent tax on the state's billionaires, and needs over 50 per cent support to pass.”

“The comment comes just two weeks before voters in California will decide on a so-called “billionaire’s tax”, which would put a 5% tax on the state’s billionaires, that the wealthy have been spending millions fighting against.”

“Saez and Zucman have also influenced Senators Bernie Sanders and Elizabeth Warren in their wealth tax proposals.”

“Proposition 40 would levy a one-time 5% tax on billionaires who were living in California as of Jan. 1, 2026.”

“This November, Californians will vote on Proposition 40, a union-backed initiative levying a one-time 5% tax on the net worth of the state's billionaires.”

“Democrats unanimously opposed preventing those bruising tax increases, while also unanimously opposing GOP-championed tax relief on earnings derived from tips and overtime pay — not typically the sort of thing that would benefit “millionaires and…”

“…My opponent has not supported law enforcement, she tries to hide where she is on open borders, she has voted against every single tax cut while she was an Iowa legislator and said that the working family's tax cut was dangerous and would get rid of all of…”

“Ruben Gallego (D–Ariz.) claims that the American dream is being blocked by officials who have "let billionaires and giant corporations create our unbalanced economic system."”

“- Published Conservative Party leader Kemi Badenoch has pledged to scrap inheritance tax (IHT) on family homes and increase the amount couples can leave tax-free to £1m, in her keynote speech at the party's conference in Birmingham.”

“California, whose resident billionaires possess a collective net worth hovering above $2tn, will see voters decide on a proposed one-time, 5% tax on billionaires’ wealth.”

“You don’t have to be a socialist to believe that you should be taxing billionaires their wealth," he continued.”

“But you got to remember, this is a guy that gave a big tax cut to the wealthiest Americans, to billionaires and millionaires, and then to partially pay for it, he's kicking people off of their health care, off of Medicaid.”

“… free trade with the US, Europe would agree to full implementation of proposals by former European Central Bank president Mario Draghi for countering loss of economic competitiveness, turbocharging a virtuous circle of rising prosperity for both…”

“The bulk of the money raised by the proponents of Proposition 40, which would enact a one-time 5% tax on California billionaires’ assets, appears to have been spent on gathering signatures to qualify the measure for the November ballot.”

“The prospective tax proposals come as Reform UK faces questions over the motivation of two crypto billionaires – Ben Delo and Christopher Harborne – who each donated £36m to the party within 24 hours last weekend.”

“The announcement follows a row over two donations totalling £72m to Reform UK from two British crypto-billionaires who have both recently lived abroad.”

“Just make billionaires pay their "fair share."”

“The state’s fiscal analysis estimates Prop. 40 could produce tens of billions of dollars over several years, while also potentially reducing state income-tax collections from billionaires by hundreds of millions of dollars or more annually.”

“Sanders has repeatedly introduced wealth-tax proposals and “Make Billionaires Pay” legislation aimed at financing major expansions of social provision through taxes focused on a narrow and fortunate stratum of the population.”

“At a time when we have the highest rate of childhood poverty of any major country on Earth and when one-third of our senior citizens are struggling economically, it is absurd that billionaires have an effective tax rate lower than truck drivers or nurses.”

“Whether or not the Shopify co-founder considered these serious proposals or just a bit of snark to make a point about how people who no longer pay income taxes are driving public policy didn’t seem to matter.”