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California Voters Reject Prop 40 Billionaire Tax After Seven Moguls Fled With $540 Billion in Wealth
International Business Times UK
— November 09, 2026 at 05:50 AM UTC
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International Business Times
California voters rejected Proposition 40's one-time 5% billionaire tax after seven moguls worth about $540 billion left the state, taking the revenue meant for healthcare with them.
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International Business Times UK
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