Sacramento politicians are asking Californians to believe a familiar story again: don’t worry, this tax only applies to someone else. This time, it is wrapped in the language of fairness and sold as a “billionaire tax.” But when you actually read the fine print on how the ballot measure is structured, the reality becomes crystal clear. This is not simply a tax on billionaires. It is a framework that will allow future Legislatures to expand new taxes onto your property, savings, investments, retirement accounts, taxing millions of Californians who would never consider themselves billionaires. We’ve seen this story before. Today...