HMM: How California Voters Could Surprise the Machine.
“Two measures—Proposition 41, the Prohibit Excluding New State Taxes from Spending Limit and Require Special Tax Audits Initiative and Proposition 42, the Prohibit New Taxes on Retirement Holdings, Personal Assets, and Savings Initiative—are also on the November 3 ballot in California and contain competing measure provisions that would nullify Proposition 40 [the wealth tax] if all the measures are approved, but Propositions 41 and 42 receive more votes than Proposition 40.”
And then there is Prop. 43, a citizen initiative championed by the Howard Jarvis Taxpayers Association, the organization that was founded during the state’s 1978 tax revolt. In that year, beleaguered voters approved the legendary Prop. 13. Approved by a 65–35 percent margin, it has given California one of the lowest property tax rates in the U.S., and it remains one of the only reasons many small businesses and retired homeowners still survive.
For nearly 50 years, Prop. 13 has been attacked by the insatiable tax-and-spend progressives running California. Prop. 43, if approved by voters, will restore the original provisions of Prop. 13, including the requirement for a two-thirds vote on local special tax initiatives.
Altogether, these four ballot initiatives are transformative.
Voters will have their say in less than a week. And — who knows? — in a month or so, we might even know all the results.
