Editor’s note: The following is a letter to the editor. The opinions expressed in this letter are those of the writer, and do not necessarily reflect those of The Mendocino Voice. If you would like to submit a letter to the editor feel free to write to info@mendovoice.com.Â
Dear Editor:
With all the hoopla about Prop 40 being a one-time 5% tax on the wealth of billionaires, on page 145 of the State Voter guide, printing the wording of Prop 40, we find this little nugget:
50310. Legislative Authority
The Legislature may amend the 2026 Billionaire Tax Act, by statute passed in each house of the Legislature. The Legislature may amend the 2026 Billionaire Tax by roll call vote entered in the journal, two-thirds of the membership concurring, if the statute is consistent with and furthers the purposes of the 2026 Billionaire Tax Act.
Read that carefully again. It says that at any time in the future, the legislature can lower the tax threshold from $5 Billion to $1 Million or $100,000 or $50,000 or $35.20 or whatever without going back to the taxpayers. Given the legislature’s insatiable need for more and more of your tax money, it will be only a matter of time before Prop 40 comes looking for you.
Anybody thinking of voting YES on Prop 40 should visit a psychiatrist first.
Vote NO on Prop 40.
Stan Anderson
Fort Bragg