Topic

California Voters Weigh Billionaire Tax

19m

California voters were deciding Tuesday whether to approve Proposition 40, a one-time 5% tax on residents with net worths above $1 billion, as polls showed most voters opposed it.

78%
54%
54%
Are you a Californian who wants to stick it to Big Money?

Vote YES on Proposition 4, the California Fair Elections Act.
November 3, 2026 at 3:00 AM
78%
93%
33%
California Is Testing the Appetite for a Wealth Tax www.washingtonsun.com/campaigns/ca...
California Is Testing the Appetite for a Wealth Tax
Voters will consider a ballot measure that would levy a one-time 5% tax on billionaires’ assets.
www.washingtonsun.com
November 3, 2026 at 3:23 AM
54%
Californians, don't get duped by Prop 38!

It would siphon billions in taxpayer funds to an unproven "health research" institute backed by the same billionaires who put this measure on the ballot — including notorious junk bond king Michael Milken.

Vote NO!
November 3, 2026 at 1:47 AM

Reposted by Joshua Rauh

18%

Reposted by Joshua Rauh

18%

Reposted by Joshua Rauh

18%
33%
Two economists studied California's billionaire tax. They reached wildly different conclusions www.npr.org/sections/pla...
Two economists studied California's billionaire tax. They reached wildly different conclusions
What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?
www.npr.org
November 3, 2026 at 1:54 AM
19%
More background in my newsletter from this morning:

www.stevevladeck.com/p/260-electi...
260. Elections and the Base Rate Fallacy
The California voter roll litigation is a useful illustration of “election integrity” claims that would exclude far more eligible votes than ineligible ones.
www.stevevladeck.com
November 2, 2026 at 11:00 PM