#proposition 40
7 stories
California votes on first-ever wealth tax for billionaires
Proposition 40 would impose a one-time 5% tax on people worth over a billion dollars, but Democrats in the state are divided on whether it works.
NPR · 2m
California's billionaire tax sparks wealth tax debate
Proposition 40 would tax billionaires' assets once, but opponents fear it opens the door to taxing all Californians.
Fortune · 1m
Democrats and billionaires unite against California wealth tax
Top Democratic leaders join the ultra-rich in opposing Proposition 40, a first-in-the-nation tax on billionaire wealth ahead of California's November vote.
ABC News · 2m
The Battle to Pass a Billionaire Tax
California voters will decide if a billionaire wealth tax passes in November 2026.
The New Yorker · 1m
California's billionaire tax battle signals party divide
A one-time five percent tax on billionaires splits Democrats as the November vote looms with national implications.
NBC News · 3m
California Voters Back Billionaire Tax
California voters support billionaire tax but it lacks majority approval.
NBC News · 2m
Nobel economists back California's billionaire wealth tax
Six Nobel Prize winners say Prop 40 could spark a global movement to tax the ultra-wealthy.
Fortune · 1m