2026-11-05 19:05 UTC
California Billionaire Tax Looks to Be Failing, While Prop 42 Might Pass
Not only did the billionaire tax fail in California, but prop 42, to amend the California constitution to forbid the introduction of taxes on personal property (investment accounts, art) for the wealthy in the future, backed by greaseball Gavin Newsom, seems to have passed.
Replies (1)
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@daannii@lemmy.world 2026-11-06 03:28
That bill was specific about savings, retirement, and assets. For anyone. Of course voters wouldn’t want to be taxed. It includes things that should not be taxed. It specifically added items that apply to the average person and they don’t want themselves taxed.