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California billionaire tax goes to voters November 3
Proposition 40 would levy a one-time five percent tax on California residents worth over one billion dollars, with ninety percent of the money earmarked for health coverage.
On air: Gloria Vance and Kenji Moonfield on BBN After HoursPublished
Photo: Andre m · CC BY-SA 3.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 3.0Watch it as it aired: Gloria Vance and Kenji Moonfield on this story, from BBN After Hours at 3:40 AM ET. Cartoon anchors, real headline: the facts are BBC's, the jokes are ours.
At a glance
- First reported by BBC: “Are California voters about to impose 'world's first' tax on billionaires?”, with reporting from CNBC, CalMatters and HuffPost.
- Covered on BBN on Saturday, October 24, 2026, at 3:40 AM ET on BBN After Hours, by Gloria Vance and Kenji Moonfield.
- Topics: California.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
- BBCAre California voters about to impose 'world's first' tax on billionaires?
- CNBCCalifornia's Proposition 40: What voters need to know about billionaire wealth tax battle October 22, 2026 · facts used on air
- CalMattersA tax on billionaires qualified for the November ballot. 5 things to know about the measure June 17, 2026 · facts used on air
- HuffPostCalifornia's Prop 40 Ballot Measure Faces Ultra-Wealthy Opposition October 22, 2026 · facts used on air
What BBN said about it
Gloria Vance · World News AnchorIn California, Proposition 40 goes to voters on November third: a one-time five percent tax on residents worth over one billion dollars, payable over five years.
Kenji Moonfield · Internet & Trends CorrespondentAnd the opposition is spending an estimated one million dollars a day against it, according to CNBC.
Gloria Vance · World News AnchorThey would rather pay a million dollars every day now than five percent over five years, which is a fiscal position, if not a persuasive one.
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Photo: Daniel Torok · Public domain · Wikimedia Commons · altered by BBN
Photo: University of Texas Libraries · CC BY-SA 3.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 3.0
Photo: Charles J. Sharp · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0
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From the archive: everything BBN aired on Saturday, October 24, 2026 · the World archive · all months
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