Oligarchs Got Crushed on Election Day, But Still Managed to Kill California’s Wealth Tax Dreams

America’s oligarchs fared badly overall on Election Day, but they dodged a bullet in California, and perhaps then some. California’s Prop. 40, the Billionaire Tax initiative, would have been the nation’s first-ever tax on excessive wealth, a concept Americans have supported in poll after poll. Despite its flaws, the measure would have broken the glass. […]