To the editor: After all, the proposed billionaire tax can not and was by no means supposed to unravel all of California’s monetary issues (“Vote no on Prop. 40. It ignores education, housing and safety,” Sept. 6). Its intent is solely to assist cowl medical prices that thousands and thousands of California residents are dealing with after the disastrous cuts of the One Large Lovely Invoice Act, which additionally awarded the very rich with substantial tax breaks. I haven’t heard of any billionaires providing to return these positive factors to assist the state.
Proposition 40 is a one-time tax invoice and it’s unattainable to foretell future extensions. With the one-time restrict, it appears fairly absurd that California billionaires will pull all their assets and staff out of this state, contemplating that many have chosen California for its recognized benefits.
Proposition 40 has likelihood of passing as a result of persons are fed up with the insurance policies of the present administration. To negate Prop. 40, the wealthy have put two measures on the ballots, Propositions 41 and 42, with scary, ambiguous language that search to successfully block Prop. 40 and stop billionaires from paying their fair proportion.
Patricia Kruger, Seal Seaside
