California Wealth Tax Polls Ahead, but Rival Measures Threaten to Nullify It
A new poll shows Proposition 40, a one-time 5% tax on California billionaires, holds a narrow 52% lead. However, two rival measures designed to invalidate the tax are also polling above 50%, creating a complex scenario where the wealth tax could be blocked even if it passes. Opponents, backed by Google co-founder Sergey Brin, have spent over $100 million to fund this multi-front strategy.