Californians about to deliberately jump in the drink

10/29, "The tax-me-more state, two initiatives that would further punish California," WSJ

"The Tax Foundation announced this week that California has the second worst business tax climate of the 50 states, with only New York more hostile to employers.

• Congratulations, but it gets worse. If a pair of ballot measures pass next week, the Golden State could soon take the tax lead and make even Albany look like Hong Kong.

Proposition 24 would raise $1.3 billion of new taxes on businesses, while Proposition 25 would allow the state legislature to pass budgets and tax increases with a simple majority vote, instead of the current mandated two-thirds supermajority....

Proposition 25 is deceptive because its "intent" language that purports to explain its meaning to voters claims that the law "retains a two-thirds vote requirement for taxes."

• But "intent" sections aren't included in the state Constitution. Instead, the proposition clears the way for a straight majority vote for budgets and the more amorphous category of bills "related to the budget."...

Proposition 24 is also deceptive, starting with its title, "The Tax Fairness Act." It is opposed by just about every iconic employer left in the state—from Disney to Hewlett-Packard to Intel—because it would take away any remaining tax incentives for investing in the state.

The last time California eliminated a "business tax break"—a manufacturing tax credit—

• Intel stopped building plants in the state, and it has since
  

sent more than $10 billion in job-creating investment to the likes of Arizona and Oregon."...

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• (When you follow Soros agenda, you will either die or be miserable. That is why they're trying to get better access to marijuana, to escape the misery they've inflicted on themselves by believing in the Soros agenda. ed.)
  

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