This is a billionaire-funded initiative designed specifically to undo the California Billionaire Tax, Prop. 40.

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Entry 9, published Oct 3, 2026. Each entry includes the fingerprint of the one before it, so no earlier entry can change unnoticed.

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1. Entry 9 · Oct 3, 2026 · current
   27cb96fbf7dc3ff9cba37773a7c77bfd824b0a9f635a0c08093ec19fcee15f01
2. Entry 2 · Oct 3, 2026 · replaced on Oct 3, 2026
   2bf74421e6fd1e8dbd6e09eeeb733e91eb1b8b78e2d6de05bbba357b7c0087c5

• Verdict on the claim

  Call: Missing context

  On funding, the FPPC top-contributor list shows Building a Better California, whose top donors the FPPC lists as Sergey Brin and L. John Doerr III, gave $89,800,000 of the $89,822,537.26 from the top contributors to the main committee supporting Proposition 42 on the FPPC list. On purpose, the measure's findings and statement of purpose describe protecting retirement savings and personal property and requiring new taxes to apply only prospectively; they do not mention Proposition 40. Section 2(a)(2) bars a tax "imposed on a taxpayer based upon their residency status on a date prior to the effective date of the tax", and the Analyst says Proposition 40 would tax billionaires who were California residents on January 1, 2026, so Proposition 40 falls within that wording on its face. Section 5 says an initiative on the same ballot that taxes ownership of such assets, or that taxes based on past conduct or status, is deemed in conflict and is void if Proposition 42 receives more affirmative votes. The guide does not state whether Proposition 40 is covered, and the "designed specifically" part is a statement about intent that the official documents neither confirm nor refute.

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  missing-context

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  sourcer:ca-2026-measures

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  checker-judgments-ca-2026

  Owner key id:

  SHA256:h82SrxLU1wYr+jpy4Vl9/9iQlAO+HQX1umVBdhy/Ss0

  Vetted · Oct 3, 2026

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