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California’s supreme court on Thursday kicked a qualified anti-tax voter initiative off November’s ballot, siding with Gov. Gavin Newsom (D.) and Democratic legislative leaders who filed an emergency petition to block it. Initiative backers are decrying the state supreme court ruling as an “absolute travesty” and blow to California’s tradition of voters deciding policy through the ballot.
The supreme court’s seven justices, all but one of whom were appointed by Democratic governors, said the ballot measure would take too much taxation power from the Legislature and declared that the measure’s backers would have to try to call a constitutional convention to push their proposal. The initiative proposed requiring a two-thirds voter majority approval of any new state and local special taxes, which Democratic legislators argued would make it too hard to raise revenue for emergencies.
“The measure would fundamentally restructure the most basic of […]
— Read More: freebeacon.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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