The Global Wealth Tax ‘Movement’ Just Hit a Wall in California

Tuesday’s election results delivered a verdict on the wealth tax movement: It has hit a wall, and the wall was in California.
California, a state that in 2024 voted for Kamala Harris over Donald Trump by 20 points, just rejected a wealth tax 52.8% to 47.2% at current count. This came on the best night the Democrats have had since Watergate. If you are a wealth-tax supporter, not only are you in the super-minority among all U.S. voters – you are in the minority among progressive voters.
Maybe overseas looks better? Oops, maybe not. In October, France – mon Dieu! – once again rejected a 2%…
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