"I own a house in California, and I'm no millionaire. So does the old guy who lives two doors down, bought his place when most of this neighborhood was still orchards, and has seen his "official" property values skyrocket. We both thank God for Prop. 13."

I realize you do, Tom. And, the government is going to make up the lost revenue from somewhere. You.

Not from the folks with lobbys, you. And your neighbor.

It's going to make up the taxes it lost from the wealthy and large corporations, too. From, you guessed it (maybe you didn't), you.

Your last shot at a "fair" tax was the property tax. And you blew it.

But, their savings will show up in higher dividends. I would be willing to bet some of those CEO packages were the result of increased profits from less property taxes.

You know, the initiative was designed to give the little guy a chance to be heard. And what's happened is the rich have learned they can hire people to get petitions signed, spend on promoting whatever they want, and 40% of them will pass.

Including the property tax limitation, wherein folks think they are somehow screwing the government.

And I know I'll never change that belief.

Arf