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California voters reject measure to tax the wealth of billionaires

George Mitchell
Reporter · Tuesday, November 10, 2026 at 3:08 AM · 1 min read
California voters reject measure to tax the wealth of billionaires — Stockbridge Community news

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…

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