23 Hrs
Source:
New York Post
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Source: New York Post
23 HrsNew York Post
Source: New York Post
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The article argues that Proposition 40 gained support amid economic inequality in California, where tech wealth has helped drive state revenues while many residents face high poverty, unemployment and housing costs. It warns that reliance on tech-related capital gains leaves the state vulnerable to downturns, with projected annual budget deficits of $22 billion to $35 billion. The author says the measure could foreshadow broader wealth-tax efforts, noting that 75% of surveyed Californians aged 18–34 said they planned to vote for it.
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