California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth →

Billionaires have amassed a nine-figure war chest to defeat Proposition 40 as polls show California voters are nearly split on the one-time tax.