prop 30
proposition 30 passed. by a little. that's good and bad. schools get badly needed money. so tell me, why the fuck is this a proposition? why the fuck can't sacramento do its fucking job and fund these things themselves? sheehs. end rant. the funding comes from a 0.25% sales tax. which the bottom won't notice because they don't spend very much on things subject to sales tax. most of their wealth is spent on food and rent. which isn't subject to sales tax. the top won't notice because they don't spend very much on things subject to sales tax either. most of their wealth is spent on investments that make more wealth and also aren't subject to sales tax. that leaves the folks in the middle to pay for schools. as usual. great. but wait! you say. there's also an income tax hike on incomes over $250k. big fucking deal. almost no one will be affected by this. very very very few people will pay this tax. it only affects income like wages. it has no effect on income from investments. oops.