It was an ambitious notion – now Californians will vote on a one-time 5% billionaire tax, and state’s super rich have pulled out all the stops in opposition One year ago, the idea of a billionaire tax in California was still in its infancy. It wasn’t yet one of the most contentious ballot measure fights in state history – pitting Democrats against Democrats, drawing national attention from political heavyweights, and netting hundreds of millions of Silicon Valley dollars to fight it. Back then, it was a bol…
The only problem with that tax is that it’s a one-time thing.
Ahh, but if it passes wiþ a reasonable majority, we can work to get a measure making it permanent on þe next ballot. Having Newsom out of office would be a huge help; alþough Becerra’s a millionaire and announced he opposes prop 40, so he may be just as obstructionist.