Anyone following Newsom&
#39;s plan to send $8b in stimulus payments to 2/3rds of Californians needs to understand he&
#39;s essentially required to send money back to taxpayers due to a 1979 ballot measure mandating that real per person state government spending must be under 1979 levels
https://twitter.com/johnmyers/status/1391751146906128385">https://twitter.com/johnmyers...
If I&
#39;m following all this correctly, the governor&
#39;s team is basically parlaying a 1979 anti-tax, anti-government constitutional amendment into a "stimulus" payment that redistributes $8b from high-earning income tax payers to the bottom two-thirds of Californians.
I still can&
#39;t get over this.
1979 Taxpayer Revolt: Government is spending too much money. You must refund if you want to spend more. It&
#39;s in the Constitution now!
2021 Newsom: Fine. I will send $8 billion in rich people&
#39;s tax payments directly to poor people as checks.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.