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Insecurity Princess 🌈💖🔥saraislet@infosec.exchange
Oct 28, 2026, 9:54 PM
California Proposition 41 and 42 advocates are dirty and misleading.
TLDR: prop 40 is a one-time billionaire wealth tax that exempts retirement savings and 401k. Roth IRAs are exempt up to $10 million.
Props 41 and 42 are attempting to block 40 by prohibiting wealth taxes. Their advocates are blatantly misleading voters by implying or saying that prop 40 or future wealth taxes may tax retirement savings.
#California #Prop40 #Prop42 #voting
https://calmatters.org/politics/2026/10/california-billionaire-tax-explainer/
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Replies

Insecurity Princess 🌈💖🔥saraislet@infosec.exchange
Oct 28, 2026, 10:01 PM
While it almost sounds good to prohibit taxing retirement savings and 401k, in practice it's written as a loophole that enables billionaires to accumulate immense untaxable wealth.
Prop 40 is a one-time tax, including a 5% tax on the amount exceeding $10 million in a Roth IRA. So a $12 million Roth IRA would have $2 million taxed at 5%, which is $100k — and again, that's a one-time tax.
#California #Prop40 #Prop42 #voting
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Insecurity Princess 🌈💖🔥saraislet@infosec.exchange
Oct 28, 2026, 10:02 PM
I don't expect I'll ever have over $10 million total, let alone in one place — but if I did, yeah, tax me Daddy, and lubricate those crumbly potholed roads with some sweet sweet wealth taxes.
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NegahyphenNegahyphen@infosec.exchange
Oct 28, 2026, 10:44 PM
@saraislet I have a 512 phone number from Austin. I am up to around 20 spam messages a day that are 100% anti-Talarico, 90% about forced sex changes of public school students, and I 100% have not lived in Texas for five years.
Which is good since I get another 10 for Nebraska about Dan Osborn secretly being a Democrat. Which is kinda funny since he hates the Democratic Party even more than Democrats under the age of 50 do.
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Fritzkfritz@infosec.exchange
Oct 29, 2026, 1:24 AM
@saraislet Totally agree. The prop 42 people are pouring tons of money into compelling (though misleading) adverts. Hoping people see through the lies.
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