The Single-Subject Rule Is Dead
It may surprise you to know that ballot initiatives in California are supposed to be governed by a single-subject rule. Put simply, they only deal with one subject. But that rule is effectively dead. Many of the 17 statewide initiatives dance on its grave. And California’s judges, who are as deeply infected by the California […]
Taxes “Я” Us: CFT Explains Prop. 55 for Members
I learned a great journalistic method from Tom Wolfe and his 1979 book “The Right Stuff,” on the early space program. He went back and read the internal newsletters of NASA astronauts, engineers and others in the late 1950s and 1960s. I used to subscribe to government union and other newsletters, but nowadays all these […]
Is The California High Speed Rail Authority Violating the Law?
At the Rail~Volution Conference held in San Francisco on Oct 12 2016, Authority Chair Dan Richard delivered a talk and made some remarks. Chair Richard clearly stated the Authority’s real mission is not High Speed Rail, but Rail Modernization. Quoting from a transcript of his remarks we read: “Well thanks.. One of my biggest frustrations is that we actually […]
Real Estate Doesn’t Make An Economy
From Southern California to Shanghai and London, inflated real estate prices have evolved into a simulacrum for broader prosperity. In an era of limited income gains, growing inequality, political dysfunction and fading productivity, the conjunction of low interest rates and essentially free money for the rich and well-placed has sparked the construction of often expensive, […]