California voters reject Proposition 40, which would have imposed a one-time 5% tax on residents with a net worth above $1B to mostly help fund health care (Associated Press)

Associated Press: California voters reject Proposition 40, which would have imposed a one-time 5% tax on residents with a net worth above $1B to mostly help fund health care — California voters have rejected a first-in-the-nation tax on the net worth of billionaires following a contentious ballot…