Ronald Reagan once said that the government’s view of the economy could be summed up in a few short phrases: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
Proving the former California Governor and U.S. President correct, a handful of wealthy big-government liberals and their favorite special interest groups are funding a massive campaign that would levy a new $4 billion tax on energy companies. The measure, known as Proposition 87, is on the November ballot statewide.