California’s proposed ‘billionaire tax’ fails to pass

November 10, 2026 Lucas Ropek

California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven out wealthy residents or just trimmed their fortunes.

Previous Article
Otter AI can now follow conversations across 30+ languages
Otter AI can now follow conversations across 30+ languages

Otter AI just added support for 27 languages and revealed an upcoming feature that can follow along if spea...

Next Article
Jensen Huang’s alleged honeypot scandal has inspired some top-notch memes
Jensen Huang’s alleged honeypot scandal has inspired some top-notch memes

Huang publicly confessed to the affair just yesterday, so the internet has the rest of the week to get crea...