# Why did California's billionaire tax fail to surf the blue wave?

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5 outlets covering · First listed: NPR, Nov 10, 2026, 5:30 AM · Read it: <https://www.npr.org/sections/planet-money/2026/11/10/g-s1-152755/why-did-californias-billionaire-tax-fail-to-surf-the-blue-wave>

Two economists debate what California's vote on Prop 40 means for the wealth tax movement.

## Who's covering it

In the order they published:

- Nov 9, 2026, 11:18 PM: [California’s proposed ‘billionaire tax’ fails to pass](<https://techcrunch.com/2026/11/09/californias-proposed-billionaire-tax-fails-to-pass/>) — TechCrunch (Digital news, United States)
  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.
- Nov 10, 2026, 5:30 AM: [Why did California's billionaire tax fail to surf the blue wave?](<https://www.npr.org/sections/planet-money/2026/11/10/g-s1-152755/why-did-californias-billionaire-tax-fail-to-surf-the-blue-wave>) — NPR (Public broadcaster, United States)
  Two economists debate what California's vote on Prop 40 means for the wealth tax movement.
- Nov 10, 2026, 6:38 AM: [California's billionaire tax failed, but 'tax the rich' measures succeeded elsewhere](<https://finance.yahoo.com/economy/article/californias-billionaire-tax-fails-but-other-tax-the-rich-measures-succeeded-around-the-country-123827246.html>) — Yahoo News (Digital news, United States)
- Nov 10, 2026, 6:38 AM: [California's billionaire tax fails, but other 'tax the rich' measures succeeded around the country](<https://news.google.com/rss/articles/CBMi5gFBVV95cUxQUEw1SmJPRGhVS1hFY1V6QnNMZW8teUFGN1R3NGh4V19HRm5LWWV5RklsTzFQLWdOcG9oNS1ENmg4ZUNRMVZrZjZ6SEIxYVVPYjZnNFRMaEswNGNXWDh3TUxOT19mYTdNUUVndzNFWHZkSHhnMW94QUVKWXhLdkhjTnJESG81Z1N0SXJFeGZlbzlYYk1Xc19hcE1FYmlWN18tNkZBbjNWQndSNHpTYzQ0XzNRYUpiUGxYUmlpNWFobnI2U3pPSzh5TEpyMjRfQWhRN0YtLXhRcTVGODloazAwTE92RVg0dw?oc=5>) — Yahoo Finance (Business & finance, United States)
- Nov 11, 2026, 8:38 AM: [Why the blue wave didn't carry the billionaire tax](<https://www.latimes.com/california/newsletter/2026-11-11/why-blue-wave-didnt-carry-billionaire-tax>) — Los Angeles Times (Newspaper, United States)
  Your morning catch-up: A blue wave that left the billionaire tax behind, Route 66 turns 100 and more big stories
