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I'm a millionaire in California who supports taxing the rich. I'm disappointed Prop. 40 was rejected — people will suffer.

A millionaire in California who supports taxing the wealthy shared his disappointment that Prop. 40 was rejected, and his hope for future efforts.

  • California voters rejected Proposition 40, a 5% billionaire wealth tax.
  • Patriotic Millionaires member Scott Ellis disappointed by rejection.
  • Concerned about healthcare funding cuts impacting millions.

More from Thursday 12 November →