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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 ...
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One of the few victories for our side.
I was kind of hoping it would pass.
I was kind of hoping it would pass.
For the billionaires. Not for us. They will come after us and our assets. The middle class.
Too early to call. Commiefornia has an unlimited amount of time to generate...upp, oop...I mean count....count the necessary votes.
speaking of that, Elon hasn’t spoken tonight
He’s probably depressed, given the carnage in Texas.
The governor and most of the ruling elite oppose the tax. It’s going down
Trump owns this. The main lesson here is don’t go to war because Israel tells you to.
The ruling elite spent more money opposing this tax than they would have had to pay. If they have this money laying around, surely they can afford to pay the tax.
Wrong thread. I have three going right now.
“Early” returns mean nothing in California. By the end of the week, the usual surprise boxes of overwhelming “returns” wil put Prop 40 well ahead.
What we always knew. Capitalists invest in Marxists to control the population and keep them poor.
I see the anti-Semites are still on FR.
No complaint here. First it would have a very dangerous precedent of taxing wealth instead of income. Second, it expressly authorized the legislature, in the future, to expand it to other income groups. Third, I refuse to play the democrat game of hating other people because they’re wealthier than me. Even at my considerably more modest income level, I hear way too much of i can afford to pay this tax at this or that level, and I don’t need this or that tax break
California has never let a tax they like go undone editing the rules ensues.
Billionaires are moving out of California like the black plague is on the move.
The geniuses who cooked this up never thought of that.
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