Astral Codex Ten • 41984 implied HN points • 06 Mar 26
- SEIU repeatedly uses ballot initiatives as leverage, proposing attractive-sounding measures designed to wreck targeted industries and then demanding money or union access in exchange for withdrawing them.
- The proposed California Billionaire Tax is poorly written—taxing unrealized gains, valuing stakes by voting rights, and applying retroactively—and could drive billionaires and tech founders out of the state, possibly reducing revenue and harming Silicon Valley.
- The ballot proposition system creates a perverse incentive for interest groups to design destructive but popular measures as bargaining chips, effectively turning direct democracy into a tool for political extortion.