California faces one-two punch as voters reject wealth tax and billionaires eye exits

California voters rejected a proposed 5% tax on billionaire wealth as supporters vowed to keep pushing and critics warned California’s tax climate could drive more residents and investment elsewhere.

Nov 8, 2026 - 21:00
 0  1
California faces one-two punch as voters reject wealth tax and billionaires eye exits
California voters rejected a proposed 5% tax on billionaire wealth as supporters vowed to keep pushing and critics warned California’s tax climate could drive more residents and investment elsewhere.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow