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State affiliate of the Democratic Party that organizes party operations, endorsements, and policy advocacy across California.
California's one-time 5% billionaire asset tax is ahead but under 50% with 11% undecided. The poll's own director says that is a red flag. It is also not a reason to stop planning.
Reality
The San Francisco Democratic Party broke with its state party 17-4 to oppose Prop 40, but the six billionaires who have already ended their California residency are the only votes on this measure that are already counted.
Reality
Proposition 40 would take 5% once from anyone worth over $1 billion. August polling puts it at 48% among likely voters and 75% among 18-to-29s. The composition of the November electorate is the only number that decides it.
Reality
The CPA body opposes Proposition 40 on administrability grounds, then endorses Proposition 42, which would bar the tax outright. Approval votes, not a majority, settle it.
Reality
John Doerr put in $7.5 million and Chris Larsen $10 million against a one-time 5% wealth tax. Measured against what the measure would cost them, that is cheap insurance.
Reality
Mark Cuban and Ro Khanna spent a weekend arguing on X about California's Proposition 40. The operative question for founders is where the cash comes from.
Reality
California's billionaire tax faces a nine-figure defense built as ballot engineering: two counter-measures that only have to outpoll Prop 40, not beat it head-on.
Reality