CALIFORNIA VOTERS REJECT REVAMP TO PROPERTY TAX SYSTEM
Techlife News|Techlife News #472
California voters rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have raised taxes for many businesses in a pandemic-hobbled economy.

Following Tuesday’s update to the vote count, Proposition 15 had only about 48% support and was trailing by more than a half-million votes.

The loss is another blow to organized labor, which also came out on the losing side of the most expensive ballot question in state history. It would have required Uber, Lyft, DoorDash and other app-based delivery services to treat their drivers as employees rather than independent contractors.

Since 1978, California has limited tax increases to 2% a year until a property is sold. With prices climbing at a much higher rate, taxpayers who have held homes and businesses for many years pay far less than what the market value would determine.

Proposition 15 would have allowed local governments to reassess commercial and industrial property every three years, while residential property, including home-based businesses, would remain under 1978 rules. The change would have generated up to $12.5 billion in revenue.

Supporters argued a “split-roll” system would help fix inequities that shield wealthy corporations from paying a fair share and deprive tax revenue for public schools and local governments. Several polls released before or during early voting showed the measure ahead, though not by much.

The No on 15 campaign had a simple message: “Stop Tax Hikes,” its red-and-white yard signs read.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM TECHLIFE NEWSView All

MORGAN STANLEY PROFITS RISE 48%, HELPED BY STRONG MARKETS

Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year.

1 min read
Techlife News
Techlife News #482

BURIED TREASURE, IMPENDING WAR AND LOSS IN ‘THE DIG'

Just before the outbreak of the World War II, a small-time archeologist was hired by a local woman to excavate her land. The thought was that it possibly contained some Viking remnants. But what was unearthed in the mounds out in the fields was far more significant than they could have imagined: Buried in the grounds of Sutton Hoo was actually a ship that would end up providing a deeper understanding of the sophistication of the early Anglo-Saxon period.

2 mins read
Techlife News
Techlife News #482

ELON MUSK: DIG TUNNELS AS SOLUTION FOR MIAMI'S TRAFFIC JAMS

As a solution to Miami’s notoriously congested traffic, Tesla Inc. founder Elon Musk is proposing to dig tunnels with The Boring Company, one of his many business ventures. Experts say the idea would be costly and is fraught with engineering obstacles, but it’s not outright crazy.

3 mins read
Techlife News
Techlife News #482

NETFLIX'S BIG 4Q LIFTS VIDEO SERVICE ABOVE 200M SUBSCRIBERS

Netflix’s video streaming service has surpassed 200 million subscribers for the first time as its expanding line-up of TV series and movies continues to captivate people stuck at home during the ongoing battle against the pandemic.

2 mins read
Techlife News
Techlife News #482

NHL PULLED MICROCHIPS ‘TRACKING' PUCKS 6 DAYS INTO SEASON

The NHL is temporarily ditching microchipped pucks six days into the season after concerns were raised about their performance.

2 mins read
Techlife News
Techlife News #482

UNITED AIRLINES POSTS $1.9 BILLION LOSS IN PANDEMIC-LADEN 4Q

United Airlines said that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year.

2 mins read
Techlife News
Techlife News #482

CYBERSECURITY FIRM: BOOTING HACKERS A COMPLEX CHORE

Efforts to assess the impact of a more than seven-month-old cyberespionage campaign blamed on Russia — and boot the intruders — remain in their early stages, says the cybersecurity firm that discovered the attack.

3 mins read
Techlife News
Techlife News #482

‘LOCKED DOWN' MIRRORS OUR QUARANTINE EXPERIENCES

Doug Liman’s “Locked Down,” one of the first and most ambitious films to be conceived and shot during the pandemic, is, like our own quarantine experiences, erratic, a little absurd and sporadically delightful.

2 mins read
Techlife News
Techlife News #482

BEHIND THOSE DANCING ROBOTS, SCIENTISTS HAD TO BUST A MOVE

The man who designed some of the world’s most advanced dynamic robots was on a daunting mission: programming his creations to dance to the beat with a mix of fluid, explosive and expressive motions that are almost human.

3 mins read
Techlife News
Techlife News #482

AMAZON OFFERS ASSIST WITH US COVID-19 VACCINE DISTRIBUTION

Amazon is offering its colossal operations network and advanced technologies to assist President Joe Biden in his vow to get 100 million COVID-19 vaccinations to Americans in his first 100 days in office.

1 min read
Techlife News
Techlife News #482
RELATED STORIES

SOME UBER, LYFT DRIVERS SUE OVER CALIFORNIA BALLOT MEASURE

Drivers for app-based ride-hailing and delivery services filed a lawsuit to overturn a California ballot initiative that makes them independent contractors instead of employees eligible for benefits and job protections.

2 mins read
AppleMagazine
AppleMagazine #481

Upgrading by downsizing

Builder believes tiny homes have large variety of uses

4 mins read
The Good Life
January 2021

It's the BEST Day because I live here & I live now

What makes the best day for me? Any day at all that I wake up in the USA.

1 min read
The Good Life
January 2021

Remembrance & a Sacred Earth

LLEWELLYN VAUGHAN-LEE mourns our forgetting of our connection with the Earth, inviting us once more to remember, reconnect and rekindle the sacredness of that relationship in our lives.

5 mins read
Heartfulness eMagazine
January 2021

CALIFORNIA BOARD URGES BIAS REVIEWS OF POLICE SOCIAL MEDIA

California police agencies should routinely review officers’ social media, cellphones and computers for racist, bigoted or other offensive content that contributes to disproportionate police stops of Black people, a state advisory board said Monday.

4 mins read
AppleMagazine
AppleMagazine #480

Latinos are 18% of the U.S. population … … but only 3% of corporate directors

Even big Latin-themed restaurant chains have no Hispanic board members. Activists want to change that

7 mins read
Bloomberg Businessweek
January 11, 2021

Clutter, Be Gone!

Fifteen minutes a day keeps the mess away

5 mins read
Angels on Earth
Jan/Feb 2021

CALIFORNIA JOE

GREAT SCOUT AND PLAINSMAN

4 mins read
True West
January 2021

WHERE WE'RE HEADED

WHERE WE’RE HEADED

6 mins read
JUXTAPOZ
Winter 2021

The Tradition of Burnt Wood

An ancient Japanese method for finishing woodwork was adapted by bungalow builders, and it’s back in style.

4 mins read
Old House Journal
January - February 2021