Red State·1 hour ago·Saturday, October 31, 2026, 3:21 PM

California Voters Asked to Simultaneously Raise, Outlaw, and Restrict New Taxes. Yes, Really

Our ongoing series on the propositions facing Californians on the November 2026 ballot (links to previous posts at the bottom of this one) continues. This time through, we are looking at four propositions together, as each covers the same ground — namely, taxes. Proposition 40, officially dubbed the 2026 Billionaire Tax Act, proposes a one-time (*snortyeahright*) five percent tax on the few billionaires left in California who haven’t already moved…

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