Not only did the billionaire tax fail in California, but prop 42, to amend the California constitution to forbid the introduction of taxes on personal property (investment accounts, art) for the wealthy in the future, backed by greaseball Gavin Newsom, seems to have passed.



Yeah, but it doesn’t necessarily matter if Prop 40 passes, because if Prop 42 does better, it trumps Prop 40.
It does matter that we don’t know the results of either with any good confidence yet