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Prop 40
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- 1California's billionaire wealth tax heads to the ballot▼California’s billionaire wealth tax is on the ballot: What to know about Prop 40
California voters will decide on Proposition 40, a ballot measure that would impose a wealth tax on billionaires in the state. The proposal has drawn attention from investors, wealthy residents and policymakers, with supporters arguing it would raise revenue from ultra-rich residents and critics warning it could drive them out of California.
- 2Prop. 40's failure shows money dominating California politics▼Opinion | Prop. 40's failure points to the tax California already pays for its wealth: Politics overrun by money
A CalMatters opinion column argues that the defeat of Proposition 40 in California illustrates how heavily money shapes the state's politics. The piece frames campaign spending as a 'tax' that Californians pay for their wealth, suggesting well-funded interests increasingly overrun policy debates at the ballot box.
- 3
California's Proposition 40, a billionaire wealth tax on the November ballot, is drawing intense debate. Coverage explains how the measure works, warns of a 'poison pill' clause that could doom it, and notes countermeasures like Props 41 and 42 designed to cancel it out. Critics argue the state could raise more by matching Texas property taxes, while economist Gabriel Zucman campaigns for the tax and Nvidia's Jensen Huang calls paying billions a 'privilege'.
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California's Proposition 40, a billionaire tax measure, is drawing attention as voters and commentators debate whether the state should impose a new levy on ultra-wealthy residents. Supporters frame it as a way to fund public services, while critics warn it could drive billionaires out of California. Discussion is centered on the measure's financial and political implications.
- 5California voters watch 2026 governor's race and Prop 40 results▼2026 California election results: CA governor's race, Prop 40; watch ABC7 Eyewitness News for news and voting updates
California's 2026 statewide election is underway, with attention focused on the race for governor and ballot measure Proposition 40. Voters are following live results and voting updates as ballots are counted across the state. ABC7 Eyewitness News in the Bay Area is providing ongoing coverage of the outcomes, and residents are tuning in to see who will lead the nation's most populous state.
- 6California's Prop 40 billionaire wealth tax explained▼California's Prop 40: What to know about the billionaire wealth tax
California voters are weighing Proposition 40, a ballot measure that would impose a wealth tax on the state's billionaires. The proposal targets extreme wealth rather than income, and its backers argue it would raise significant revenue for state services. Critics have raised concerns about billionaire departures and economic effects. Coverage is focused on what the measure would actually do and who it would affect.
- 7Sergey Brin builds lasting political network beyond Prop 40 fight●Billionaire Sergey Brin is building political infrastructure that will last beyond his $102 million fight against Prop 40
Google co-founder Sergey Brin has spent $102 million opposing California's Proposition 40 and is reportedly creating political infrastructure intended to endure beyond that single ballot fight. The Fortune report describes a lasting network of organisations and funding arrangements. The development has drawn attention to the growing role of tech billionaires in state-level politics and campaign spending.
- 8Bernie Sanders hits billionaire spending as Prop 40 support slips▼As support slips for Prop 40, Bernie Sanders criticizes billionaire spending against it
Bernie Sanders criticized billionaire-funded opposition to California's Proposition 40 as polling support for the ballot measure declines. The Vermont senator argued wealthy donors are distorting the campaign, while supporters work to revive momentum ahead of the vote. The contest has become a flashpoint over money in politics.