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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.”

“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.”

“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.”

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