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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.”