#california tech economy

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California Billionaire Tax Defeated: Tech Leaders Spend Big to Block Prop 40

california billionaire taxprop 40 defeattech industry spendingwealth tax economic impactsilicon valley votersventure capital flighttaxation policy debatecalifornia tech economy

California Billionaire Tax Defeated: Tech Leaders Spend Big to Block Prop 40

California voters reject Proposition 40 after tech leaders outspend backers 10 to 1, defeating the controversial one-time wealth tax.