California shuts door on the billionaire wealth tax for which Google co-founder Sergey Brin spent millions but voters in two ‘AI capitals’ wanted it

The Times of India · TOI Tech Desk · 2026-11-08 12:48 UTC

California’s high-stakes, controversial billionaire wealth tax proposal is defeated. Statewide, voters are rejecting Proposition 40 by a 55% to 45% margin.

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