The price issue isn't rich homes vs poor homes. It's agriculture vs homes. Municipalities are already paying many times more for water than farms. A water mark

The price issue isn't rich homes vs poor homes. It's agriculture vs homes. Municipalities are already paying many times more for water than farms. A water market would allow municipal water systems to purchase water and provide lower water bills for all people -- residential use is a tiny, tiny minority of water use in the state. The folks cutting back would be the alfalfa farmers in the central valley, who essentially transform water into grass and sell it (and export it out of state).