🚀 go-pugleaf

DAK> : Yesterday the creditors that dropped the bond rating put the
DAK> : fiscal mess squarely on proposition 13. The reason is obvious.
DAK> : While in most states the property tax revenue rose as property
DAK> : values rose, this did not happen in CA.

DAK> An article in today's SF Examiner confirms exactly what you say.
DAK> The bond raters in New York say that Prop 13 is ruining
DAK> California's credit rating.  Stands to reason.

Say, you don't think this might mean we'll get less government, do
you?  Nah, never happen.

DAK> The corporations which normally would pay their fair share on
DAK> their buildings are locked into low property taxes.

So, why are so many businesses leaving California, then?

DAK> And in addition, local governments give tax credits on TOP of
DAK> this?  No wonder California is broke.

Before prop 13, property taxes were run-away in this state.  Old
people were being taxed out of their homes because even though the
home was paid for, the taxes were exceeding what their payment had
been.

How 'bout a little less government?  I can live with it (or without
it, as the case may be).

Ever since prop 13, there have been HUNDREDS of illegal tax increases.
Only now their called fees.
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