California’s proposed one-time billionaire wealth tax was trailing in early election returns Wednesday morning, while Prop 42, which would prevent any future similar measures from getting on the ballot, is ahead by over eight points.

Not only did the billionaire tax fail in California, but prop 42, to amend the California constitution to forbid the introduction of taxes on personal property (investment accounts, art) for the wealthy in the future, backed by greaseball Gavin Newsom, seems to have passed.

  • MightEnlightenYou@lemmy.worldEnglish
    6·
    2 days ago

    I wouldn’t trust this yet, only 62% of estimated votes have been counted so far.

    I checked the results 24 and 12 hours ago, and it was then at 60% and 61% respectively. Each time I’ve checked, the gap has been closed by 0.6%.