California voters have rejected Proposition 40, the state’s proposed one-time tax on billionaires, the Associated Press reported Monday. The measure failed after an expensive campaign that pitted labor unions against some of tech’s wealthiest figures. It was also opposed by Gov. Gavin Newsom.
Nic Carter lives about as far from Silicon Valley as you can get within the continental U.S. but his feelings about California’s proposed tax on billionaires couldn’t have been stronger.
Originally reported by TechCrunch. Read the full story at the original source.
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