# Billionaires Appear to Have Defeated The California Wealth Tax

- Source: Inc.com
- Published: 2026-11-04T20:01:24+00:00
- Category: Tech
- Original: https://www.inc.com/sam-blum/billionaires-appear-to-have-defeated-the-california-wealth-tax/91430795
- Canonical: https://groundlevelnews.com/story/billionaires-appear-to-have-defeated-the-california-wealth-tax-d22a12/

A well-funded PAC organized by Silicon Valley investors and CEOs poured $333 million into the effort to defeat a one-time, five percent tax on California wealthiest residents.

_Ground Level News shows a short summary only; the full article and all rights belong to Inc.com._