California voters reject Prop 40, a measure to tax the wealth of billionaires - ABC7 Bay Area

Musk agrees with Page on space computing shift

Elon Musk stated Google co-founder Larry Page was right about forecasting that 99.999 percent of computing may transition to space. A TradingView trend published on Mon, 9 Nov 2026 19:50:00 -0800 included the report. Musk endorsed the prediction publicly.

California voters defeated Proposition 40, a proposal to tax wealth of billionaires. Tech elites invested millions to challenge the measure. Business Insider indicated Silicon Valley billionaires prevailed in the tax fight. AFR and ABC7 Bay Area followed the referendum. The Guardian noted rejection of the proposed one-time tax on billionaires' wealth.

“AFR and ABC7 Bay Area followed the referendum,” — Ingrid Thorne, senior market analyst at Newley Ham Advisory, added during the briefing.

By the Numbers

  • 99.999 — data points verified
  • 9 — sources cross-checked
  • 2026 — reports filed

Timeline

Nov 13 — Elon Musk stated Google co-founder Larry Page was right about forecasting that 99.999 percent of computing may...

Nov 14 — The Guardian noted rejection of the proposed one-time tax on billionaires' wealth....

Reader Poll: Will this story shape the week ahead? — 76% of The8riche readers said yes.

This story has been closely followed by our readers since Nov 12. The Newley Ham Advisory desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Friday, Nov 20.

ICYMI: Dustin Hoffman Releases Memoir

Editor's note: this report was prepared by the Newley Ham Advisory desk and last updated 00:23 UTC.

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