@c4news: California voters have rejected a proposed one-off wealth tax on billionaires. Known as Proposition 40, the measure would have imposed a 5% tax on the net worth of around 200 billionaires, raising an estimated $100 billion. Supporters said 90% of the revenue would fund healthcare and help offset federal funding cuts from Donald Trump’s spending bill. But the proposal divided Democrats, with critics warning it could drive wealthy residents out of the state and reduce tax revenues. #California #USA #Trump #Channel4News #C4News

Channel 4 News
Channel 4 News
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Region: GB
Tuesday 10 November 2026 20:01:49 GMT
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shinobi13131
Scorpion :
those epstein files gotta be crazy
2026-11-10 20:04:21
462
henok2k
hen :
People lost their damn mind, how do you fumble a simple vote
2026-11-10 20:07:52
117
learnanddiscern
Learn 2 Discern :
Basic economics
2026-11-10 21:39:52
28
tijaniii20
s :
me when tbd
2026-11-10 21:08:23
19
jaysusfuckingchrist
Hans Landa :
billionaires dont want to contribute by paying a tax on money made from money
2026-11-10 21:22:50
50
halimtypevibe
Halimtype :
mind games
2026-11-10 20:51:52
24
ghfdjdjdhdhdjdjd
Mr p 🇬🇧 :
good
2026-11-10 20:28:35
18
waterdrop345
waterdrop345 :
How are they meant to give 5% of their net worth if it’s illiquid
2026-11-10 21:11:36
1
kevinzou21
Kevin Zou :
I don’t get this bill dosent even make sense, how are billionaires meant to give 5% of their net worth when it tied up in stock and businesses as soon as they sell the stock the price would drop and then their net worth is now less, and also if it’s tied in assets that heavily depreciate like machinery and nvidia chips and what if it’s tied in charities and foundations ectr, most billionaires aren’t holding billions in cash and a lot of their net worth is debt borrowed againts their stock or businesses ectr.
2026-11-10 20:12:19
2
ninetyninedesign.99
Mason Reed :
I'm looking for someone to talk to
2026-11-10 20:16:41
4
chris.ma_2
Chris M.A🎵 :
That’s gotta be fixed right?
2026-11-10 22:44:35
5
wibioof
wibi :
yo what
2026-11-10 21:11:25
63
willygkl0bk
willygkl0bk :
uhh, uhh, uhh, uhh interesting
2026-11-10 20:07:39
3
_swift_trades_
Swift Trades | World News :
the 'even Sweden abolished wealth taxes' sign is the detail I keep coming back to. a one-off tax losing that badly says something about how the pitch landed
2026-11-10 21:51:01
2
save_the_goats
Save the goats :
shocker
2026-11-10 21:04:40
1
afc.denis
𝖁𝖗𝖎𝖑𝖜𝖆𝖓𝖌𝖊𝖗 ♱ :
Hi
2026-11-10 20:04:40
0
ninetyninedesign.99
Mason Reed :
hello everyone
2026-11-10 20:16:54
1
tom123321135
tom123321135 :
The fact that this even came to a vote. So many just don’t understand basic economics
2026-11-10 22:23:37
6
redfoxamber2
Princess Amber :
More than 5% tell them it’s time to pay
2026-11-10 22:44:16
0
scotsdevil
Scotsdevil :
[Tears of joy][Tears of joy][Tears of joy][Tears of joy][Tears of joy][Tears of joy] Billionaire destroys the economy, the poor defend the billionaires, this has to be 🇺🇸
2026-11-10 20:06:03
19
ryanmcna
rm :
Turkeys voting for Christmas
2026-11-10 21:14:14
9
clydez187187187187187
afghaner :
California is so disappointing
2026-11-10 20:11:42
24
droogjanus
Droog Janus 💚 :
“Protect the billionaires!” Screamed the working class.[Laugh approved]
2026-11-10 20:29:52
8
aint.fkin.myst3rious
jet :
this is because people DONT UNDERSTAND how much money these people actually have and cannot conceive that IT IS NOT A FINITE RESOURCE. 🙄 Taxing these people only means they have marginally less money for a week or so.. then its back in their accounts again 😐 HOW ARE YOU NOT GETTING THIS.
2026-11-10 21:40:43
4
jomoman
Jomo :
What a weird thing to not vote for
2026-11-10 21:28:23
3
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