November 12, 2026

I'm a millionaire in California who supports taxing the rich. I'm disappointed Prop. 40 was rejected — people will suffer.

A California millionaire who supports taxing the wealthy says he is disappointed that Prop. 40 was rejected by voters.

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A California millionaire who supports taxing the wealthy says he is disappointed that Prop. 40 was rejected by voters. He warned that people will suffer as a result and expressed hope that future efforts to tax the rich will succeed.

Source: Business Insider — I'm a millionaire in California who supports taxing the rich. I'm disappointed Prop. 40 was rejected — people will suffer..

AI-assisted summary; the reporting is the source's. Read the original at the link.

California, wealth tax, Prop. 40, millionaire, ballot measure

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