A report from The Hill indicates that more than two-thirds of Generation Z support taxing the wealthy, with 75 percent planning to vote for a billionaire tax initiative in California. The initiative, known as Proposition 40, aims to impose a one-time 5% tax on the net worth of certain California billionaires if passed. The measure has been certified for the November 2026 ballot after gathering the required signatures. Prediction markets currently price the initiative at 28.5% YES, slightly down from 30% the previous day.
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