Bezos and Zuckerberg Win in California Tax Vote

California voters approve tax measure

California voters approved Proposition 42, blocking new taxes on wealth, as Proposition 40 for billionaire tax failed.

“Estos californianos respaldaron las protecciones más sólidas disponibles para proteger los ahorros de toda una vida, fruto de mucho esfuerzo, de la doble imposición”

Proposition 42 funding and supporters

Proposition 42 received $159 million from tech billionaires, supported by California Professional Firefighters and Gavin Newsom.

Proposition 42's purpose

Proposition 42 aims to protect retirement savings from future taxes on wealth.

Proposition 40's reaction

Proposition 40 supporters plan to continue pushing for billionaire tax despite election loss.

“Vamos a denunciar a estos magnates económicos. Les vamos a cobrar los impuestos que merecen, e invertiremos en un sistema de salud universal y en guarderías gratuitas”