Prop 42 passed and receives more votes than Prop 40 making it harder to create a wealth tax in California by prohibiting certain new taxes (eg retroactive taxes on personal property)

Prop 42 passed and receives more votes than Prop 40 making it harder to create a wealth tax in California by prohibiting certain new taxes (eg retroactive taxes on personal property) https://t.co/MCO5FT3l9J

— Jon Hartley (@Jon_Hartley_) November 4, 2026