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1. backgroundNov 3

   Californians vote on Proposition 40 — Voters decide Tuesday whether California will become the first state to tax billionaires' net worth; the measure could still be nullified by competing measures also on the ballot even if it passes.

2. 1 Nov 2 12:00 PM

   AP details divided coalitions ahead of the vote

   Reporting lays out how Sanders and labor groups back the measure while Newsom and traditional Democratic allies like Planned Parenthood and the California Teachers Association oppose it, citing budget risk if wealthy residents leave.

   “It's time to collect those taxes so we can ensure that our healthcare system is still safe.”

   1. 11 outlets California Prop 40 Live Election Results | One-time tax on billionaires

      first by cbs8.com, 8d ago · also Le Monde EN, PBS, The New York Times, ABC7 Los Angeles, ABC News, SF Standard +4

      10 more headlines

      • California decides whether to tax billionaires, a highly-anticipated vote amid rising inequality Le Monde EN · 8d ago
      • California voters consider proposition to tax billionaires' wealth PBS NewsHour · 8d ago
      • California Proposition 40 Election Results 2026: Billionaire Wealth Tax The New York Times · 8d ago
      • Prop 40 results: California voters to decide on billionaire tax ABC7 Los Angeles · 8d ago
      • Billionaire tax: What to know about California's Prop 40 ABC News · 8d ago
      • Billionaire tax trailing in early returns SF Standard · 7d ago
      • California’s controversial billionaire tax looks headed for defeat NY Post · 7d ago
      • California billionaire tax trailing in early results Mission Local · 7d ago
      • The Billionaire Tax Is on Its Way to Defeat. California Will Still Pay a Price. City Journal · 7d ago
      • What’s the status of California’s proposal to tax billionaires? Fast Company · 7d ago
   2. 10 outlets This state could be the first to tax billionaires’ wealth

      first by CBS7, 8d ago · also Independent UK, Denver Post, Orlando Sentinel, Baltimore Sun, The Hindu, Philadelphia Inquirer +3

      3 more headlines

      • Proposition 40: How California could become the first US state to tax Billionaires' wealth The Independent · 8d ago
      • California could become the first state to tax billionaires’ wealth Denver Post · 8d ago
      • Could California actually become the first state in America to tax billionaires? The Independent · 8d ago
   • A

     It's too early to call the outcome of California's proposal to tax billionaires https:// apnews.com/article/california- billionaire-tax-election-proposition-40-f6b671a4eead670f0035e0c20070d628?utm_source=flipboard&utm_medium=activitypub Posted into Politics @ politics-AssociatedPress

     AssociatedPress@flipboard.comMastodon7d agoview on Mastodon ↗

   2 more of the top 3 · 3 posts in this stretch

   • A

     A one time tax would still be worthwhile though to show that a blue stronghold has the balls to get the work done. Unfortunately these props are intentionally worded to deceive so I can understand why the people failed, but that needs to be fixed too.

     addiktionr/politics7d agoview on r/politics ↗
   • T

     "not even try and just give up" when the person you're responding to is shrugging off people voting no on a proposition that actually would've taxed billionaires and I was the one advocating for that.

     Top-Passage2914r/politics6d agoview on r/politics ↗

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3. backgroundOct 15

   Mid-October poll shows support flipping to opposition — A PPIC poll conducted in mid-October found 52% of likely voters planning to vote 'no' and 46% planning to vote 'yes,' a reversal from the September survey.

4. backgroundSep 15

   Early PPIC poll shows majority favoring the tax — A Public Policy Institute of California survey in early September found 52% of likely voters supporting the measure and 46% opposed.

5. backgroundAug 15

   Opposition PAC vastly outspends supporters of the tax — A political action committee funded largely by tech moguls and venture capitalists raised roughly ten times as much as the 'yes' side, making the fight one of the most expensive ballot measure campaigns in state history.

6. backgroundJul 15

   Billionaires begin restructuring finances and ties to California — Google co-founders Sergey Brin and Larry Page started cutting ties with the state after the measure was unveiled, while Mark Zuckerberg arranged a deal with Meta to pay the tax without losing his ownership stake and committed to staying in California for eight years.

7. backgroundJun 15

   SEIU-backed Proposition 40 qualifies for the California ballot — Labor union SEIU United Healthcare Workers West leads the push for a one-time 5% wealth tax on billionaires, aiming to offset an estimated $100 billion in federal healthcare funding cuts over five years.