{"id":25482,"date":"2026-10-16T13:37:32","date_gmt":"2026-10-16T11:37:32","guid":{"rendered":"http:\/\/costops.com\/index.php\/2026\/10\/16\/the-ultra-rich-are-spending-one-million-dollars-a-day-fighting-californias-proposed-billionaire-tax\/"},"modified":"2026-10-16T13:37:32","modified_gmt":"2026-10-16T11:37:32","slug":"the-ultra-rich-are-spending-one-million-dollars-a-day-fighting-californias-proposed-billionaire-tax","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2026\/10\/16\/the-ultra-rich-are-spending-one-million-dollars-a-day-fighting-californias-proposed-billionaire-tax\/","title":{"rendered":"The ultra-rich are spending one million dollars a day fighting California\u2019s proposed billionaire tax"},"content":{"rendered":"

Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education<\/p>\n

Tech billionaires have been dumping hundreds of millions of dollars into the fight against a wealth tax in California. They\u2019ve raised more than $340m, and the campaign they\u2019re funding is spending more than $1m a day to defeat the measure, according to state financial disclosures.<\/p>\n

With the election less than a month away, those funds are being spent at a stepped-up pace. During the first 19 days of September, according to the most recent campaign filings, the opposition campaign plowed through at least $21.2m to fight the billionaire tax \u2013 surpassing $1m per day. Voters are being inundated with robotexts, mailers and advertisements that warn a tax on billionaires would \u201cexpose all Californians to higher taxes\u201d, as one ad reads.<\/p>\n

Continue reading…<\/a>
\nTech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education
\nTech billionaires have been dumping hundreds of millions of dollars into the fight against a wealth tax in California. They\u2019ve raised more than $340m, and the campaign they\u2019re funding is spending more than $1m a day to defeat the measure, according to state financial disclosures.
\nWith the election less than a month away, those funds are being spent at a stepped-up pace. During the first 19 days of September, according to the most recent campaign filings, the opposition campaign plowed through at least $21.2m to fight the billionaire tax \u2013 surpassing $1m per day. Voters are being inundated with robotexts, mailers and advertisements that warn a tax on billionaires would \u201cexpose all Californians to higher taxes\u201d, as one ad reads. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education Tech billionaires have been dumping hundreds of millions of dollars into the fight against a wealth tax in California. They\u2019ve raised more than $340m, and the campaign they\u2019re funding is spending more than …<\/p>\n

The ultra-rich are spending one million dollars a day fighting California\u2019s proposed billionaire tax<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":25483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/25482"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=25482"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/25482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/25483"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=25482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=25482"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=25482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}