Bloomberg News’ Christopher Palmeri recently wrote of the legacy of Proposition 13 still hovering over California. It has far too often been said that “As goes California, so goes the nation.” 33 year old Proposition 13 has become a broad generic term for tax revolt. Palmeri reports that at least 20 states have followed the 13 lemming. Tax reform was needed, but it has become apparent that 13 was not the right formula. However, there was far more to that 1978 election than Proposition 13 – its evil stepsister was Proposition 10 promoted by the banking industry. I wised up...