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Science and technology · India

Polling for bill that may push out billionaires from California nears: What data shows

Outlet: The Times of India · TOI TECH DESK · Published 20/10/2026 09:54 UTC

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Proposition 40 seeks to introduce a wealth tax in California targeting those with fortunes over $1 billion. However, recent surveys show a downturn in public support as contributions from opposing groups soar. Significant financial backing from notable tech leaders has created a stark contrast, with opposition efforts raising around $340 million, overshadowing the measure's supporters. The fate of this important referendum will be decided on November 3.

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https://timesofindia.indiatimes.com/technology/tech-news/bill-that-california-governor-gavin-newsom-fears-will-push-out-billionaires-from-the-state-view-that-sergey-brin-larry-page-eric-schmidt-peter-thiel-agree-with-is-nearing-and-heres-what-latest-polls-show/articleshow/135067311.cms
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20/10/2026 09:54 UTC
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20/10/2026 15:26 UTC
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