It's optimizing for long time Californian land owners, cf. Props 13, 8, 58, 60, 90, 193, 218, 39, 26.
Direct democracy has the Native Sons of the Golden West building thier economic wall around the state ten feet higher every election. I don't see any way out without federal intervention.
Except for high personal income tax, school funding, cost of living (food costs, utility costs, etc are all heavily affected by public policy), regressive consumption taxes (like the fuel tax), high sales tax, poor public transportation, and so on.
It certainly doesn't feel like California is trying to optimize for people.