ACTA DIURNA

Elections · San Jose · Mon Nov 9, 6:46 PM Pacific

California voters reject Proposition 40 wealth tax

Voters rejected Proposition 40, a tax on billionaires based on net worth and financial holdings, 52.8% to 47.2%.

2 reports

• Palo Alto OnlineIt’s official: California voters reject Prop. 40 billionaire tax Nov 9, 6:46 PM
• Mountain View VoiceIt’s official: California voters reject Prop. 40 billionaire tax Nov 9, 6:46 PM

What traders expect

• California Proposition 40 election margin of victoryNo, ≥4% 68% · No, ≥7% 9% on Kalshi
• California Proposition 40 election: Yes vote percentAt least 48% 23% · At least 50% 4% on Kalshi

In this story: Proposition 40 (California, 2026)

Headline and summary written by the Acta Diurna desk using only what the outlets above reported. Read their reporting for the full story. How we stay neutral.

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