Los Angeles Times ·

California's Proposition 40, which proposes a one-time 5% tax on billionaires' assets to mostly fund healthcare, seems headed for defeat as vote counts continue

- 7 min Click here to listen to this article

Lead Source

Los Angeles Times — California's Proposition 40, which proposes a one-time 5% tax on billionaires' assets to mostly fund healthcare, seems headed for defeat as vote counts continue ↗

How this story grew

Coverage · 0 Discussion · 0

7:00 PM9:02 AM UTC

More

Politico: Politico

Barron's Online: Barron's Online

Bloomberg: Bloomberg

Discussion

@ledwards @levyantoine @sampullara @jonathanclayba1 @zhoujaron @garrytan @deletedvillain @pandemona

Related stories

New York Times: How Silicon Valley billionaires raised $333M+ to try to defeat a 5% California wealth tax; Patrick Collison's $33M is his most serious campaign engagement yet

Ars Technica: California accepts $1.42B in US federal broadband funding, but challenges the Trump administration's demand that it stop enforcing state net neutrality rules

Wall Street Journal: PitchBook: 4,000+ California-based startups have raised ~$366B in venture capital in 2026 so far, more than triple the total of all other 49 US states combined

New York Times: SEC filings show how Meta restructured its stock to shield Mark Zuckerberg from California's proposed wealth tax, after he said he'd sell his Palo Alto home

Crunchbase News: California startups have raised a record $385B across seed to growth rounds so far in 2026, or 75%+ of all US startup funding; early and seed stage raised ~$62B

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif