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Editorials warn Proposition 40 “does not solve the state’s health problems” and “will do ongoing harm to the state’s economy”

“Progressive voters shouldn’t be fooled into propping up the status quo, which is exactly what Prop 40 does.”

Fact checking the false and misleading claim that Prop 40 won’t impact California’s economy or lead those subject to the tax to depart the state.

“[Prop 40] narrowly funnels tax revenues to limited beneficiaries, at the expense of other critical public programs.”

Massive loophole leaves healthcare funding unprotected, California worse off long term

“I favor higher taxes on the ultra-wealthy. But I worry that California’s proposed tax on billionaires will inflict lasting damage on the economy and undermine the state’s status as a global home for innovation.”

The editorial warns that Prop 40 will not collect the revenue it promises, chases away current and future entrepreneurs, and could lead to a much broader wealth tax after the money runs dry.

“La Proposición 40 pide a los votantes que confíen en que esta drástica medida de corto plazo servirá a los pacientes sin saber qué pasará después, mientras las escuelas y los programas de la red de protección social se quedan con promesas en lugar de garantías.”

Fact checking the false and misleading claim that Prop 40 will address California’s healthcare needs

“Proposition 40 is a reckless tax proposed by a special interest group that wants to obtain funding to benefit its members. Vote no.”