In Reply to: Re: So if Prop 40 losses, they can never raise taxes? posted by confused442 on October 14, 2026 at 14:54:46
My counter. they knew ages ago this was going to be on the ballot they had time to plan. Most of them decided not to leave and instead either hope it didn't pass, or contribute money to try and beat it.
I hate to say it but the fact that billionaires have spent 100 million on no on 40 ads and 150 million to get 41 and 42 on the ballot and then promote them is the exact argument to tax billionaires. Billionaires use their money to influence policy by bribing politicians to act in their favor. Then when people try to hold them accountable they throw more money at it to try and stop it
Some of it is unfair Elon spends 200 million to buy an election and his personal wealth goes up dramatically as a result. That's horrible but it's not just a California thing it's a national problem. But the billionaires here are doing the exact same thing they're trying to use their money to stop us from holding them accountable
Again the point of Prop 40 is that billionaires supported Trump and got him elected and then Trump gutted healthcare to the states. So the states have to come up with a way to make up that money and that's what this one time tax is for.