The new bill, if passed, would allow this 2% tax increase cap to be changed by a 55% vote rather than the 2/3 vote under Prop 13.
The OC Register is known for is libertarian stance. Thus this bill is bad simply by virtue that it would give more tax dollars to the government. It is the view of absolute skepticism about governmental power. Consider this quote from the article:
Unlimited taxing power is destructive. It follows therefore that the more
limited the taxing power, the less damage it can do.
This argument is clearly flawed. Just because too much of something is bad doesn't mean that eliminating it is the answer. Drinking a gallon of milk at one sitting is bad. But that doesn't mean I ought to cut out milk from my diet altogether.
Don't get me wrong. I am no fan of taxes or big government. But I would caution against committing the fallacy of condemning any tax bill simply by virtue of the fact that too much tax is a bad thing. Every tax should be judged on its own merits. The OC Register doesn't bother going that far here.