California voters officially reject controversial billionaire tax in setback for progressive agenda

California voters have officially torpedoed a controversial, would-be historic wealth tax on billionaires. Proposition 40 –– a measure that would have imposed a first-in-the-nation one time 5% tax on billionaires –– was rejected by Californians by 52.8% to 47.2% when the race was called by the Associated Press on Monday. Keith Anthony Sakura joins supporters...