California Billionaires Exhale as Prop 40 Goes Down

Summary
Larry Page, Larry Ellison, and Peter Thiel are breathing a sigh of relief after California voters soundly rejected Proposition 40, the ballot measure that would have taken a one-time 5% bite out of the fortunes of the state's billionaires.
Description from RealClearPolitics.
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California Billionaires Exhale as Prop 40 Goes Down
Larry Page, Larry Ellison, and Peter Thiel are breathing a sigh of relief after California voters soundly rejected Proposition 40, the ballot measure that would have taken a one-time 5% bite out of the fortunes of the state's billionaires.





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