Breaking News: California voters rejected a wealth tax measure that would have targeted the assets of residents worth over $1 billion. nyti.ms/4BTyM4c
Image from The New York Times (@nytimes)

Nov 10, 2026 · 3:30 AM UTC

118
118
47
440
207,201
RelevantRecentLikes
I cannot possibly imagine the brain rot and propaganda that causes one to vote no on this obviously great and needed proposal.
7
59
2,620
Thank God In California it’s about time somebody voted for some fucking common sense
14
622
There are never enough taxes that can be paid according to the left. These shitbags would tax breathing if they thought they could get away with it.
1
127
California: "Tax the rich...but not our rich" This should be the Democrat motto.
4
1,019
Finally-some sanity out of CA voters!
1
10
936
The SEIU lawyers who drafted this bill never meant for it to be a tax on billionaires ..that's just what people were supposed to believe. Proposition 40 was always intended to be a tax on multi-millionaires, but it was tested to generate more support by using "billionaires" as a trial balloon. Once passed CA legislature would've amended its language as necessary stretching it to lower income brackets.
2
11
2,010
They know who actually pays the bills.
6
1,031
Because they appreciate that they live in a capitalist society in which any of us could become a billionaire.
5
7
2,035
💥💥 Let me correct your error! The proposal when read COMPLETELY included the buried lower paragraph, giving the Legislature the right WITHOUT FURTHER voter approval, to broaden the applicability to far lower income levels. Just a sham and a fraud, typical of all the CA supermajority efforts to squeeze money out of anyone who has any.
3
850
How are they going to pay for their free healthcare then?
3
8
1,859
What ever happened to "spread the wealth"? This does not make sense.
2
917
Now, @chamath and #sergeybrin plus their comrades in billions can rest easy. Who knows, @DavidSacks might return to Cali until the next time the billionaire tax question is on the ballot.
624
Because no outspent yes 250 to 1. I got mailers DAILY full of misleading and incorrect info. I guess in CA you can still buy elections.
1
1
717
Imagine that Voters were smart enough to know it would be $10k in assets in a few years
3
1,355
the California’s fiscal health is a bad typo in your kicker for California’s fiscal health. @LaurelRosenhall
Image from Typos of the New York Times (@nyttypos)
1
1
1
3
2,387
Yes
3
A blind hog finds an acorn.
33
How dare Californians reject being taxed!!!
4
458
What’s wrong with some equity when they already have billions?🤨 Young people see the billions flowing to big tech and the games used to shield it. Equity has to start somewhere. Taxing extreme wealth isn’t punishment, it’s balance.🤔
3
6
831
Hahahaha
30
Yayyy! We did it!
128
Voters made the right call on this one.
1
115
And like it’s gonna matter.
1
471
Good
532
lol libtards may have common sense after all
1
487
Important development. The stakes couldn't be higher right now.
472
Wow
104
Who voted? Only billionaires and millionaires?
1
420
So California won’t get all the free stuff ? Or , do the Democrats, once again, raise the taxes on the middle class driving out more citizens? Either way, Democrats are socialists and their promises are pathetic jokes. Nothing is free in life!
40
The unearned wealth accumulators used misappropriated wealth to convince dumb people to vote against themselves after already having voted for corrupt politicians who took bribes to denounce a Billionaire Tax.
15
Bernie and crew take note!
57
Great. America needs to quit demonizing success and instead embrace the successful as the personification of the American Dream and their contributions to society.
22
Mid class ppl vote against their own interest. Always protecting the few billionaires.
2
24
2,173
Good. This proposition was not what it seems. Glad to see people voted based on economics and not emotion.
2
187
If you do this, the billionaires will move and you will get no taxes from them, which would be a huge hit.
31
California voters clearly favored protecting investment and entrepreneurship over adding another layer of taxation.
57
Load more replies