US Rep. Ro Khanna (D-Calif.) speaks at a rally dubbed "Ballots Over Billionaires" at The Novo on October 5, 2026 in Los Angeles, California. “It is essential that we show the American people where we stand,” said Sen. Chris Van Hollen. “If…
By Susan Crabtree, Real Clear Wire Larry Page, Larry Ellison, and Peter Thiel are breathing a sigh of relief after California voters soundly rejected Proposition 40, the ballot measure that would have taken a one-time 5% bite out of the fortunes of…
Published 10:37 am Thursday, November 5, 2026 By Sid Salter Columnist California voters on Nov. 3 decided whether or not to approve Proposition 40, a ballot measure that would impose a one-time 5% tax on the net worth of Californians with more than $1 billion in net…
A Big Think clip on YouTube introduced me to the concept of The 3 Ways Stupidity Spreads Through a Society. It was Dietrich Bonhoeffer’s definition of stupidity to which the creators were referring. He’d used it to describe the behavior of…
Blog • Aidan Davis, Jon Whiten Voters in states across the country on Tuesday passed critical ballot measures to raise and protect revenue and increase tax fairness. In three of four cases, voters showed their support for taxing the rich. Even…
By Anna Claire Vollers, Stateline November 4, 2026 Despite the blue wave that swept the nation on Tuesday, voters were more cautious about making sweeping changes to their taxes. Most states with tax policy on the ballot saw voters reject large-scale change,…
Center for State Competitiveness by Andrew Wilford, Matthew Putnam, Alexander Ciccone November 04, 2026 Last night’s midterms had a clear winner when it comes to party politics. But, on the tax and fiscal front, the results were far more mixed. We’re tracking…
Attendees stand next to a “Tax the Ultra-Rich Now” bus parked in San Francisco on Oct. 3, 2026. Proposition 40, which would be a first-in-the-nation wealth tax, is falling short with only 44% of the vote as of Tuesday night, reports CalMatters’ Kristen Hwang.
For several of them, the relief comes from a distance. Long before a single ballot was counted, the Google co-founders, the Oracle founder, and the PayPal co-founder had moved out of the state or relocated businesses, part of an exodus…
People attend a rally against Proposition 40 at the Iron Workers Apprenticeship Training Center in La Palma on Oct. 5, 2026. Eric Thayer/Los Angeles Times via Getty Images By Yue Stella Yu, Kristen Hwang and Jeanne Kuang, CalMatters Proposition 42, which prohibits new…
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