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California voters turn down proposed billionaire wealth tax

Latest · California Voters Reject Proposition 40 Billionaire Wealth Tax (NaturalNews.com)

California voters rejected Proposition 40, a proposed tax on billionaires, on Nov. 10, 2026, according to reports from CBS News and the Los Angeles Times…

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First published 04:34 UTC, 10 November 2026 · Updated 18:58 UTC, 13 November 2026

Coverage has slowed. No new outlets in the last day. The page keeps checking for three days from the last new outlet.

Key figures

5%proposed wealth tax rateWBAA and FOX 10 Phoenix reported this rate.

WBAA ↗ FOX 10 Phoenix ↗

250billionaires coveredThe Irish Times said the measure applied to 250 billionaires.

The Irish Times ↗

over $100 billionfunds supporters said it could raiseBusiness Insider attributed this estimate to supporters.

Business Insider ↗

What has been reported

  1. 22:05 UTC, 9 November 2026

    WBAA reported that the proposal would take a one-time 5% share of billionaires' overall wealth, including their company ownership.

    WBAA ↗

  2. 02:53 UTC, 10 November 2026

    The Press Democrat reported that California voters defeated Proposition 40, the proposed billionaire tax.

    pressdemocrat.com ↗

  3. 03:23 UTC, 10 November 2026

    The Guardian reported that the campaign over Proposition 40 was the most expensive in California history.

    The Guardian ↗

  4. 03:28 UTC, 10 November 2026

    Business Insider said supporters estimated the measure could bring in over $100 billion for state funds.

    Business Insider ↗

  5. 03:42 UTC, 10 November 2026

    CBC News reported that California voters rejected the proposed billionaire tax.

    CBC News ↗

  6. 07:20 UTC, 10 November 2026

    The Irish Times reported that the plan sought a one-time 5% levy on assets belonging to 250 billionaires.

    The Irish Times ↗

Each line is written by the Gods Eyes news desk with an AI model from the linked reports, , and checked by software against them. No person checked it.

Coverage so far

California voters rejected Proposition 40, a proposed tax on billionaires, on Nov. 10, 2026, according to reports from CBS News and the Los Angeles Times. CBS News initially projected the measure would fail, while the Los Angeles Times later reported its rejection as official. The Irish Times described it as a one-time 5% levy on the assets of 250 billionaires; the Los Angeles Times said supporters intended to use most of the money for healthcare. The reports do not give a final vote tally.

Written by the Gods Eyes news desk with an AI model from the reports on this page, , and checked by software against them. No person checked it: follow the links to read the reporting.

Live timeline 60 headlines

10:00 UTC, 10 November 2026: 1 headline11:00 UTC, 10 November 2026: 3 headlines12:00 UTC, 10 November 2026: 3 headlines13:00 UTC, 10 November 2026: 2 headlines14:00 UTC, 10 November 2026: 4 headlines15:00 UTC, 10 November 2026: 1 headline16:00 UTC, 10 November 2026: 3 headlines17:00 UTC, 10 November 2026: 1 headline19:00 UTC, 10 November 2026: 1 headline20:00 UTC, 10 November 2026: 1 headline22:00 UTC, 10 November 2026: 2 headlines02:00 UTC, 11 November 2026: 1 headline03:00 UTC, 11 November 2026: 1 headline13:00 UTC, 11 November 2026: 1 headline18:00 UTC, 11 November 2026: 3 headlines10:00 UTC, 12 November 2026: 1 headline13:00 UTC, 12 November 2026: 2 headlines16:00 UTC, 12 November 2026: 1 headline17:00 UTC, 12 November 2026: 1 headline18:00 UTC, 12 November 2026: 1 headline20:00 UTC, 12 November 2026: 1 headline09:00 UTC, 13 November 2026: 1 headline10:00 UTC, 10 November 202609:00 UTC, 13 November 2026

13 November 2026

  1. 09:55NaturalNews.com · California Voters Reject Proposition 40 Billionaire Wealth Tax Original ↗

12 November 2026

  1. 20:09The New Republic · California Billionaires Got a Tax Break for Fighting the Wealth Tax Original ↗
  2. 18:30canberratimes.com.au · California wealth tax vote fails: why Australia should worry Original ↗
  3. 17:09Consortium News · California Defeat Spurs Calls for National Wealth Tax Original ↗
  4. 16:37KALW · CA voters reject billionaire tax for healthcare, pass education tax Original ↗
  5. 13:59wbt.com · Murphy Concedes NC-3; Voters Reject Tax Hikes Original ↗
  6. 13:43The Conversation · While California's wealth tax failed, states are taking other steps to collect more revenue from the rich Original ↗
  7. 10:15AOL.com · California said no to a billionaire tax — but 5 other states are targeting their richest residents with new taxes Original ↗

11 November 2026

  1. 18:52freerepublic.com · Californians reject wealth tax for billionaires Original ↗
  2. 18:52Fortune · Silicon Valley outspent supporters more than 10 to one to kill California's billionaire tax—and won Original ↗
  3. 18:26Foreign Policy Journal · Sergey Brin-Led Campaign Outspends Supporters Five-To-One As California Rejects Billionaire Wealth Tax Original ↗
  4. 13:29TNW | Au · California sinks its billionaire tax as a Brin-backed wealth tax ban leads Original ↗
  5. 03:52nypost.com · California's billionaire tax is dead – but the state's paid a staggering price Original ↗
  6. 02:30mint · Progressives lose California wealth tax battle—but aren't conceding the war Original ↗

10 November 2026

  1. 22:40Spokane Public Radio · · also on 15 other sitesProposed billionaire tax fails at California polls Original ↗
  2. 22:00CLAYCORD.com · UPDATE: Billionaire Tax Goes Down In Defeat In California Original ↗
  3. 20:20hotair.com · It's Finally Official: the California Wealth Tax Failed Original ↗
  4. 19:35redstate.com · California Voters Side With Sanity, Reject 'One-Time' Billionaires Tax Original ↗
  5. 17:05wbur.org · · also on 4 other sitesWhy California voters rejected a billionaire wealth tax Original ↗
  6. 16:25Blaze Media · Bernie-backed tax on billionaires is TOO extreme even for California Original ↗
  7. 16:08Open Magazine · California's Billionaire Tax Rejected: Can Prop 42 Block Future Wealth Levies? Original ↗
  8. 16:00ktsa.com · California voters reject billionaire wealth tax, CBS News projects Original ↗
  9. 15:35EconoTimes · California Voters Reject Billionaire Tax After Tech-Backed Opposition Original ↗
  10. 14:53ukiahdailyjournal.com · From the desk of…California's election featured a big showdown over taxes. Wealth tax defeat was the biggest Original ↗
  11. 14:49Accounting Today · · also on 1 other siteCalifornia voters reject billionaire wealth tax Original ↗
  12. 14:25The Business Journal · California voters reject billionaire wealth tax in Proposition 40 Original ↗
  13. 14:00record-bee.com · · also on 1 other siteProposition 40 billionaire tax rejected by California voters Original ↗
  14. 13:52iheart.com · Voters On Track To Reject Santee Sales Tax Original ↗
  15. 13:49cpapracticeadvisor.com · Billionaire Tax Rejected by California Voters Original ↗
  16. 12:37Caribbean Broadcasting Corporation · · also on 3 other sitesCalifornia voters reject one-time wealth tax on billionaires Original ↗
  17. 12:17WTXL ABC 27 Tallahassee News · · also on 6 other sitesBillionaires spent big to fight California wealth tax. Voters rejected it Original ↗
  18. 12:10journal-advocate.com · · also on 11 other sitesCalifornia voters reject proposed billionaires tax Original ↗
  19. 11:51WXXI News · · also on 16 other sitesWhy did California's billionaire tax fail to surf the blue wave? Original ↗
  20. 11:36InvestmentNews · California voters defeat landmark billionaire tax in $333m ballot fight Original ↗
  21. 11:06elpais.com · California rejects proposal to tax the wealth of state's billionaires Original ↗
  22. 10:38Breitbart · California Voters Reject Punitive One-Time Tax on Billionaire Wealth Original ↗
  23. 09:28Silicon Republic · California rejects billionaire wealth tax after major tech-backed campaign Original ↗
  24. 08:59The Independent · Tech billionaires dodge massive wealth tax as California voters decisively reject controversial Proposition Original ↗
  25. 08:56dominicanrepublicpost.com · · also on 2 other sitesCalifornia voters reject billionaire tax Original ↗
  26. 08:50moneycontrol.com · Why California voters rejected a landmark billionaire tax despite Democratic dominance Original ↗
  27. 08:05ABC News · · also on 2 other sitesCalifornia's Prop 40 'billionaires' tax' measure is rejected, AP projects Original ↗
  28. 07:35KSBW · Election results for California Prop. 40 billionaire tax Original ↗
  29. 07:20The Irish Times · · also on 1 other siteCalifornia voters fail to pass proposed tax on billionaires' wealth Original ↗
  30. 06:15ARY News · · also on 3 other sitesCalifornia billionaire tax defeated: US media projection Original ↗
  31. 04:14The Lufkin Daily News · · also on 4 other sitesBillionaire tax measure on California ballot defeated Original ↗
  32. 03:53ABC7 Los Angeles · · also on 4 other sitesCalifornia voters reject Prop 40, a measure to tax the wealth of billionaires Original ↗
  33. 03:42CBC News · · also on 16 other sitesCalifornia voters reject proposed billionaire tax Original ↗
  34. 03:38Political Wire · · also on 1 other siteCalifornia Voters Reject Unprecedented Tax On Billionaires Original ↗
  35. 03:23The Guardian · · also on 1 other siteCalifornia voters fail to pass proposed one-time tax on billionaires' wealth Original ↗
  36. 03:23CBS News · California voters reject Prop. 40 billionaire wealth tax, CBS News projects Original ↗
  37. 03:17FOX 10 Phoenix · · also on 12 other sitesCalifornia Prop. 40 fails: Voters reject one-time 5% wealth tax on billionaires Original ↗
  38. 03:03nbcsandiego.com · · also on 2 other sitesCalifornia voters projected to reject Prop 40 billionaire tax Original ↗
  39. 02:59KERO 23 ABC News Bakersfield · · also on 2 other sitesCalifornia voters reject Prop. 40, the AP projects Original ↗
  40. 02:53pressdemocrat.com · · also on 10 other sitesElection results: California voters defeat Proposition 40 and proposed billionaires tax Original ↗
  41. 02:53bostonherald.com · · also on 2 other sitesElection results: California voters reject proposed billionaires tax Original ↗
  42. 02:46almanacnews.com · · also on 8 other sitesCalifornia voters reject Prop. 40 billionaire tax Original ↗
  43. 02:46pleasantonweekly.com · · also on 3 other sitesIt's official: California voters reject Prop. 40 billionaire tax Original ↗
  44. 02:41winnipegfreepress.com · · also on 16 other sitesCalifornia voters reject measure to tax the wealth of billionaires Original ↗

9 November 2026

  1. 22:05WBAA · · also on 16 other sitesCalifornia voters defeat billionaire tax proposal that divided Democrats Original ↗
  2. 10:23whittierdailynews.com · · also on 7 other sitesCalifornia's election featured a big showdown over taxes. Wealth tax defeat was the biggest Original ↗

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