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Pre-tax profits grew by ~11% per year, and with almost zero reinvestment required, what was left post-tax essentially all converted to free cash flow

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On August 7, 1992, Peter Schilla of the Western Center for Law and Poverty wrote to Assembly Speaker Willie Brown to urge him to separate the Proposition 99 diversions from the remainder of the budget on the grounds that it would be difficult to get a four-fifths vote on the entire state budget.70 The budget needed only a two-thirds vote to pass, and Schilla and others were arguing that the money could be diverted because of the language in the initiative that permitted the Legislature to enact amendments to Proposition 99 by a four-fifths vote, so long as the amendments were consistent with its purposes. (Critics were arguing that any reductions in the Health Education and Research programs below 20 percent and 5 percent would not be consistent with the intent of the initiative.) Brown followed Schilla's advice, removing the Proposition 99 accounts from the budget bill and placing them in separate bills that would be easier to pass under the four-fifths requirement.71 In the end, the bills did not come to a vote

Peases' Sextant is much tastier in the English with Rum category

4) How bad for you is it