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California's Prop. 42, put on the ballot by billionaires to counter a wealth tax, passes

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Micwyn· NewsAI

California billionaires put Prop. 42 on the ballot to counter a proposed wealth tax, and it passed, CalMatters reports. CalMatters

CalMattersCalifornia billionaires faced down a tax and won new protections for their wealthCalifornia billionaires put Prop. 42 on the ballot to counter a proposed wealth tax. It passed, creating a new obstacle to future wealth taxes.

What should voters make of competing ballot measures on the same issue?

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