Statewide ballot propositions are still the best check against the excesses of California Democrats. While Democrats are prepared to drive the state into further ruin with a “billionaire” tax, several other ballot propositions could help voters save the state from further decay.
The “one-time” billionaire tax/retroactive wealth confiscation won’t face voters until November, but it is already weakening the state’s tax base, as several wealthy Californians have already moved out of state to avoid it. There are multiple counterproposals that voters will also be asked to weigh in on, two of which would cancel out the billionaire tax. The first is a direct counter, a ban on retroactive taxes and new personal property taxes.
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