The risks for biggest state economy in US

Voters in California will decide in November whether to impose a one-time, 5% tax on residents and trusts with a net worth of more than $1 billion.  The proposal is deeply controversial, with opponents on both sides of the aisle warning that passage of the measure — the first of its kind in the U.S….

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Prediction markets show slide in ballot measure odds

California Governor Gavin Newsom speaks during the Munich Security Conference (MSC) in Munich, Germany, February 13, 2026. Liesa Johannssen | Reuters Chances that a proposed billionaire tax will appear on California’s ballot dropped from 88% to 35.5% over the last week on prediction markets platform Kalshi. The plunge arrives on the heels of reports from…

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