I've predicted that Prop 30 -- the California initiative to temporarily raise taxes on the rich, along with a quarter-cent sales tax hike, to stave off big education cuts and stabilize the state budget -- will lose. Sometimes I like being wrong. This would definitely be one of those times.
It takes big money to play in California's ballot measure process today, so billionaires are plenty welcome. But if they are in it for themselves, they aren't likely to fool the voters, who have a remarkable knack for rejecting any ballot initiative with a stink behind it.