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California voters fail to pass proposed one-time tax on billionaires’ wealth

ByW.B.D. Editorial Desk· November 10, 2026
California voters fail to pass proposed one-time tax on billionaires’ wealth

Campaign over Prop 40, as measure was known, was most expensive in state history, flush with Silicon Valley dollars California billionaires won a contentious ballot measure campaign, defeating a proposed one-time tax on …

Read the full story at The Guardian →