California's Proposition 40: A tax on billionaires

California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. Correspondent Jo Ling Kent examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it. 31m ago (07:22) Videos "Elsbeth" star Carrie Preston Almanac: October 18 California's Prop 40: A tax on billionaires Highlights from Vance's CBS News town hall How senior citizens are using VR Inside a 4DX movie theater Artist creates fine oil paintings of pets Beloved character Winnie the Pooh turns 100 The Dish: Santo Taco "Rent" returns in 30th anniversary revival Riding an electric hydrofoil ferry Latest on search for Amelia Earhart's plane Where to get the latest CBS Mornings Deals Will Alberta vote to divide Canada? Elon Musk's flying Tesla Roadster Firefighters battle California fires How to stay healthy during flu season Katie Zacharia exits White House press role Teacher tried to stop Oregon school shooter Eye Opener: Wind fueling California fires CBS News 24/7 CBS News Sunday Morning CBS News Baltimore WJZ News 8am CBS News Bay Area CBS News Bay Area Morning Edition Weekend 6am CBS News Boston WBZ This Morning 8am CBS News Chicago Latest Chicago News & Headlines CBS News Colorado CBS Colorado Mornings Weekend CBS News Detroit Latest Detroit News & Headlines CBS News Los Angeles CBS News Los Angeles Weekend 6am CBS News Miami CBS Miami News Sunday Morning CBS News Minnesota Latest Minnesota News & Headlines CBS News New York CBS News New York Sunday 8am CBS News Philadelphia CBS News Philadelphia Weekend Morning CBS News Pittsburgh KDKA News This Morning Sunday 8am CBS News Sacramento GoodDay Faves CBS News Texas Latest Texas News & Headlines