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Home/Satire - The Onion/California Voters Reject Billionaire Tax
California Voters Reject Billionaire Tax

California Voters Reject Billionaire Tax

November 12, 2026

California voters rejected a ballot measure to impose a one-time, 5% tax on the net worth of billionaires in the state, defeating what would have been the nation’s first wealth tax. What do you think?

“I tried to vote yes, but a guy kept holding up a picture of my infant son and shaking his head.”

Gage Voelker, Book Burner


“Now we just sit back and relax as the billionaires return the favor.”

Tom Reiman, Screw Threader


“A wealth tax sounds nice in theory, but who’s going to pay for it?”

Jane Pienta, Sign Language Enthusiast

The post California Voters Reject Billionaire Tax appeared first on The Onion.

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