Thanks to @aduehren @nytimes for including me in this story.
California’s billionaire tax didn’t pass, but last week’s election makes higher taxes on the rich more likely, not less.
California’s billionaire tax didn’t pass, but last week’s election makes higher taxes on the rich more likely, not less.
“I think we need to be careful about over-indexing on this one result,” warned @dsmitch28 on California’s billionaire tax result in @nytimes.View quoted post on X
“Voters rejected one specific wealth tax, but they support taxes on the wealthy generally.”
nytimes.com/2026/11/10/bus…