Why did California’s billionaire tax fail to surf the blue wave?

November 10, 2026 · 5:18 am 3 sources

Image: NPR

Coverage

Wires & papers of record

• Why did California's billionaire tax fail to surf the blue wave?
  NPR · November 10, 2026 11:30
  Two economists debate what California's vote on Prop 40 means for the wealth tax movement.

Coverage

• California’s proposed ‘billionaire tax’ fails to pass
  TechCrunch · November 10, 2026 05:18
  California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven out wealthy…
• California voters reject billionaire tax
  Al Jazeera · November 10, 2026 08:38
  The proposed measure would have imposed a one-time 5 percent tax on Californian billionaires to fund healthcare.