The more I think about Proposition 40, the billionaire tax that will go before California voters in November, the angrier I get. I’m upset at what Proposition 40 proposes to do. If Proposition 40 succeeds, you know every advocacy group from Yreka to San Ysidro will propose one-time taxes in the name of rescuing something or other. California Controversial billionaire tax proposal will appear on November ballot Proponents of a controversial billionaire tax pledge to make sure it appears on the November ballot to backfill federal healthcare funds. I’m angry, for sure: The fight over Proposition 40 will add nothing but rage to this election and a redwood grove’s worth of political mailers.