California voters reject measure to tax the wealth of billionaires

Home Americas To display this content from YouTube, you must enable advertisement tracking and audience measurement. One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site. Cover image: California voters reject measure to tax the wealth of billionaires © agences 02:07 Issued on: 10/11/2026 - 12:20 California voters have rejected a first-in-the-nation tax on the net worth of billionaires following a contentious ballot fight that generated huge spending by some prominent tech leaders eager to stop their taxes from going up. The measure would have imposed a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion. FRANCE 24's correspondent in Los Angeles Loic Pialat has more. Keywords for this article Video content Video Americas Video content Video Americas Video content Video Americas Video content Video Americas Video content Video Americas Video content Video Americas Video content Video Americas Video content Video Americas Video content Video Americas