Source: The American Prospect
by David Dayen
“While voters were sticking a knife in the oligarchy across the country this year, that particular aspect of the blue tsunami ended at the border of California. Proposition 40, the billionaire wealth tax, failed. Worse, the competing initiative placed on the ballot to confuse voters, Prop 42, could very well pass. (It’s up by about 580,000 votes, but there are nearly five million left to count; the no side would need something like 56 percent of the uncounted vote to win.) Prop 42 bans all taxes on personal property and assets and is an almost direct copy of something that Texas passed three years ago.” [editor’s note: Panic! At the “progressive” disco – TLK] (11/09/26)
https://prospect.org/2026/11/09/why-californias-government-isnt-working/