The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (13142)	8/25/2003 10:45:22 AM
From: GraceZ	Read Replies (1) of 306849

Corporate and business taxes are simply a way to hide the total tax burden from the populace, what they don't see they don't know they are paying for. As the Democrat quoted in that article said, they aren't looking for a revenue neutral solution. The dream of bringing down the taxes of those who pay too much by shifting the burden to those who pay too little is something of a pipe dream. The end result will be everyone pays more. But it'll be "fair". The inflation in real estate would hardly be moderated by lowering the rate on current sales. The answer is to have the entire state to stop living beyond its means. Collecting higher taxes from a state already reeling from a serious loss in income is a prescription for sending the whole state into depression. Its akin to what the Mexican hotel owners did in Cancun years ago when they experienced their first fall off in total revenues, they raised prices because they needed to make the same amount of money as before, so they made the remaining tourists pay more. What is the spending differential per student between CA schools and the rest of the nation?

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