Pierce on Misconceptions About Prop. 30
Gregory Pierce, co-director of the UCLA Luskin Center for Innovation, spoke to Vice about Proposition 30, the measure to fight climate change by taxing the rich, which was defeated at the polls. The California initiative, which would have added a 1.75% tax to income over $2 million to fund the transition to electric vehicles and fight wildfires, was opposed by a coalition that called Prop. 30 a scheme by the ride-hailing company Lyft to secure a huge taxpayer subsidy. Pierce said that characterization was inaccurate. “There’s nothing about Lyft drivers or Lyft, or anything in particular benefiting them except that Lyft drivers have vehicles like other folks who might benefit from a lot more money for EVs,” he said. Pierce noted, however, that the measure’s lack of clarity on how revenues would be spent was a legitimate concern. The need to reduce emissions is urgent, but money spent on the wrong programs would not help the crisis.
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