California votes on 5% billionaire tax; polls show it trailing
Proposition 40 would make it the first US state to tax billionaires' wealth; two rival measures on the same ballot could cancel it even if it passes
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Californians vote on Tuesday on Proposition 40, a one-time 5% tax on the wealth of residents worth more than $1 billion.
The last PPIC poll, taken October 16-22, had it behind 46% to 52%, a reversal from 52% to 46% in favour in September.
The "no" side, backed by tech billionaires including Sergey Brin, has raised about 10 times as much as the "yes" side.