Californians reject wealth tax for billionaires

California voters have voted to reject a wealth tax on its billionaires.

The ballot proposal would have levied a one-time tax on the state's mega wealthy to help fund healthcare. It took nearly a week of counting votes after the midterm election to determine a projection on the measure.

There are about 200 billionaires in the state, including Meta's Mark Zuckerberg, reality television star Kim Kardashian and media mogul Oprah Winfrey.