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| Home Front: Politix |
| Prop 40 in California (asset seizure) loses |
| 2026-11-05 |
| [RealClearPoliitics] California’s Billionaires Exhale as Prop 40 Goes Down With 60% of the vote counted, the measure trailed 44.4% to 55.6%. It needed only a simple majority to pass. Proposition 40 would have imposed the one-time 5% tax on individuals and trusts holding more than $1 billion in assets, payable over five years. .... In June [2026], the day after Prop 40 qualified for the ballot, Newsom proposed a national "billionaires’ tax" instead: a federal minimum tax on Americans worth more than $100 million, new rules on inheritance, and a national public equity fund that would give Americans a stake in AI-driven wealth. ........... but Calif elected an empty suit Dem as Gov in the same election as of this posting, the younger socialist has a lead over the older socialist for mayor of LA FOR LOS ANGELES MAYOR: |
| Posted by:Lord Garth |