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California voters reject wealth tax on billionaires

California voters have rejected a tax on the net worth of billionaires following a contentious and expensive ballot fight. The measure would have imposed a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion. It would have been th…

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The News Flicker

California voters reject wealth tax on billionaires

California voters have rejected a tax on the net worth of billionaires following a contentious and expensive ballot fight. The measure would have imposed a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion. It would have been th…

WASHINGTON (AP) California voters have rejected a first-in-the-nation tax on the net worth of billionaires following a contentious ballot fight that generated huge spending by some prominent tech lea…

Originally published by Associated Press. Read the full article →

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The News Flicker·November 10, 2026