California voters defeat billionaire tax proposal that divided Democrats
OMEGAZEPRIME News
Published on November 10, 2026 • Originally reported by Larry Kaplow. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Published on November 10, 2026 • Originally reported by Larry Kaplow. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
The novel proposal would have charged billionaires a one-time 5% tax on most of their overall wealth, including their ownership in companies.
(Image credit: Jae C. Hong)
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