Newsom begs Californians to vote 'no' on billionaire's tax in face of mass exodus, pitches nationwide tax hike

California Democratic Gov. Gavin Newsom is facing another blow after a massive wealth tax he warned could cause a wealth and business exodus from the state was officially added to the November ballot. Despite his opposition, the measure's sponsor, Billionaire Tax Now, announced Thursday that it was officially being added to the state's ballot. The measure, called the California Billionaire Tax Act, would impose a one-time, "emergency" 5% tax on Californians with assets exceeding $1 billion. The