Californians reject Prop 40, the billionaire tax tech elites spent millions trying to stop
THE SO WHAT
California voters blocking a one-time billionaire wealth tax—despite a projected $100B+ haul—buys high-net-worth founders and investors more time before aggressive wealth levies. For execs weighing HQ or personal domicile moves, the near-term tax calculus in California just got a bit more predictable.
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