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Wealth Taxes failed in California

Twenty's avatar
(@twenty)
Prominent Member

Prop 40 failed (wealth tax on billionaires)

Prop 42 won (bans wealth taxes)

 

https://calmatters.org/politics/2026/11/billionaire-tax-prop-42-result/


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Topic starter Posted : 11/06/2026 1:46 pm
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JDB's avatar
 JDB
(@jdb)
Famed Member

Common sense won something? In California? This election is really all sorts of confusing


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Posted : 11/06/2026 1:59 pm
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JDB's avatar
 JDB
(@jdb)
Famed Member

full picture:

California Nov. 3 Proposition 3 Initiative - Amendment Income taxes: Allow/create/increase Indefinitely extend the top marginal income tax rates of 10.3% to 12.3% on higher incomes and allocate the revenue primarily to K–12 schools and community colleges

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Posted : 11/06/2026 2:09 pm
CarRamRod's avatar
(@carramrod)
Famed Member

A lot of conservative ballot measures passed on Tuesday. Including in states Democrats crushed for statewide office.

 

No trannies in sports

Voter ID

Property and income tax caps

 

Some solace that maybe that Tuesday was a rejection of Trump and not conservatism writ large. 


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Posted : 11/06/2026 2:20 pm
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