California voters have rejected a proposed 5% tax on the net worth of billionaires, handing a victory to tech leaders who poured hundreds of millions of dollars into defeating the measure. The defeat of Proposition 40 also marks a setback for progressives seeking to tax the wealth of the ultra-r...

Source: [France24](https://www.france24.com/en/americas/20261110-california-voters-reject-proposed-one-time-tax-on-billionaires-wealth)

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