Developing· 50
California voters reject billionaire net-worth tax at the ballot
California voters have turned down a ballot measure that would have taxed billionaires on their net worth. The proposal went down after a contentious and expensive fight, according to the Associated Press. The result is a defeat for the effort to levy a wealth tax in the country's most populous state.
By the Paparazzi deskapnews.com0views
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- Original source: apnews.com.
- The source published it on Nov 10, 2026 at 3:12 AM.
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- No second outlet has reported it yet. Treat it as a single-source claim.
California voters rejected a tax on the net worth of billionaires, the Associated Press reports. The measure lost after a contentious and expensive ballot fight.
The outcome leaves California without a net-worth tax on its wealthiest residents, closing out one of the state's costliest campaign battles.
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Source: apnews.com
Written by Paparazzi with AI. Not financial advice.
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