*🚨 BREAKING: CALIFORNIA REJECTS BILLIONAIRE TAX*

Proposition 40 - FAILED ❌

First US proposal to tax billionaires - REJECTED by voters.

*Results (71% counted):*
Against: 54%
For: 46%

*What it would have done:*
One-time 5% wealth tax on California billionaires (assets at start of 2026)
Revenue → Healthcare funding

This was supposed to be the model for the whole US.

Supporters: "Tax the rich"
Voters: "No"

Huge win for billionaires, tech founders, and Elon Musk.

California just said NO to wealth tax.

#California #Prop40 #BillionaireTax