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A voter walks from the polling place inside Fire Station 38 in Pasadena, California. Did he vote for against his economic self-interest on Props. 30 and 33?
Did California voters make a choice against their self-interest in voting on Propositions 30 and 33.
From an economic standpoint, you could say yes.
Prop 30, Gov. Brown's tax-increase initiative, passed, while Molly Munger's Prop 38 failed. The big difference between the two was that Prop. 30 will increase taxes on Californians making more than $250,000 per year (for seven years) and add a quarter of a cent to the state sales tax (for four years), while Munger's plan would have raised taxes on pretty much everybody for 12 years.
In passing 30 and voting down 38, Californians said that they're OK with a temporary tax increase on consumption and a tax hike on the wealthy, but not okay with an across-the-board tax increase on income. So they voted in their self-interest on income taxes (as long as they aren't making over $250,000 a year), but against it on the sales tax, which will rise to 7.5 percent from the current state base of 7.25 percent.