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Isn't that now at the Federal level..low taxes and increased spending ?
Yes it is, everyone wants low taxes, food stamps, high speed rail, wars, wars, and more wars. But when someone mentions "raise taxes", Lord, the house looks like a rummage sale.
California will never get better till they repeal prop 13, and that'll never happen.
Never is a pretty long time. I agree that Prop 13 as it stands is a problem, but keep in mind that as a dollar amount our property taxes are at least at the mean nationwide. While California has always had more boom and bust than say North Dakota, we have never had such a sharp, broad-based and long reduction in real-estate prices. Property tax receipts always went up, even in previous dips. Not so this time.
So you think retired people on fixed incomes who paid off their mortgage 30 years ago should pay much higher taxes based on fairyland values?
Yeah ... lets just take the seniors homes away from them and let them sink or swim ...
So then exempt seniors. Prop 13 caused a number of problems for California:
First, it decoupled property taxes from the market value of the property. Second, it required that all bills that are not budget neutral (so anything that costs anything) pass the state legislature by a 2/3 majority.
The property tax feature has effectively defunded all local government. Making local governments dependent on bail-outs and revenue dispersal from the state government in Sacramento. This concentrated power in Sacramento. But while the power was being shifted from local governments to Sacramento, Prop 13 also imposed a 2/3 majority requirement on all budget decisions. This meant that while Sacramento had more and more authority, it was institutionally prevented from using that authority effectively.
So prop 13 killed California but the housing boom nearly saved it?
Your problem in Kali is spending and entitlements. You could have had surpluses and put them into a trust fund but instead your lawmakers blew through it like a crackhead in a ***** house.
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