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Proposition 40 billionaire wealth tax losing as early returns come in
Sacramento bee ^ | Nov 3 2026 | Ben Paviour

Posted on 11/03/2026 9:50:12 PM PST by aquila48

Proposition 40 — the billionaire wealth tax — had the support of about 43% of ballots cast as of 8:33 p.m, according to preliminary returns from the California Secretary of State. The Associated Press estimates about 41% of votes had been counted. There are also two billionaire-backed measures on the ballot — Propositions 41 and 42 — that would void the tax if either wins majority support; those measures would also need to surpass Prop. 40 in votes to have that impact.

(Excerpt) Read more at sacbee.com ...


TOPICS: Government; Politics/Elections
KEYWORDS: california

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Thank you very much and God bless you.

Looks like this tax is going down.

One of the few victories for our side.

1 posted on 11/03/2026 9:50:12 PM PST by aquila48
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To: aquila48

I was kind of hoping it would pass.


2 posted on 11/03/2026 9:51:23 PM PST by lasereye
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To: aquila48

I was kind of hoping it would pass.


3 posted on 11/03/2026 9:51:38 PM PST by lasereye
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To: aquila48

For the billionaires. Not for us. They will come after us and our assets. The middle class.


4 posted on 11/03/2026 9:54:26 PM PST by antceecee ( )
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To: aquila48

Too early to call. Commiefornia has an unlimited amount of time to generate...upp, oop...I mean count....count the necessary votes.


5 posted on 11/03/2026 9:59:16 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. )
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To: aquila48

speaking of that, Elon hasn’t spoken tonight


6 posted on 11/03/2026 10:01:38 PM PST by tracymcgrady
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To: tracymcgrady

He’s probably depressed, given the carnage in Texas.


7 posted on 11/03/2026 10:19:35 PM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: Texas Eagle

The governor and most of the ruling elite oppose the tax. It’s going down


8 posted on 11/03/2026 10:40:41 PM PST by j.havenfarm (25 years on Free Republic, 12/10/25! More than 12,750 replies and still not shutting up!)
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