California Dems Buck Newsom With Vote To Endorse Billionaire Wealth Tax

These departures underscore how progressive policies continue to drive productive capital and talent to lower-tax states like Florida and Texas.

Prop 40 arrives as California faces mounting fiscal pressure.

Democratic leaders have long relied on soaking the rich to paper over budget shortfalls and expansive social programs, only to watch revenue sources flee.

Build a Better California’s campaign, heavily fueled by Brin’s contributions, aims to give voters a clear alternative: reject the wealth tax and support measures that demand accountability in how new tax dollars are spent.