> the billionaires complaining about Prop 40’s one-time 5 percent tax have seen their wealth surge by an average of 65 percent during the past 20 months and have paid only 0.26 percent of their wealth in state income taxes over five recent years. But the opposition’s playbook has nothing to do with morality or the merits. It is about whether concentrated wealth can override the will of the majority and drown out our votes.

False choice. The actual choices are two: 1. between capitalism and the rule of law 2. between technology and tradition

Actualy it's both, Billionaires Democracy : who ever has the most money gets the biggest vote.