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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (13)2/16/2004 9:16:08 AM
From: gregor_us  Read Replies (2) of 116555
 
The Unthinkable: CA Will Revisit Prop 13.

I made this call 18 months ago on a different board and in my newsletter. The spread between dwindling revenues in Sacramento--and the fact that so much wealth is now stored in CA Real Estate--I think--makes for a looming conflict.

The United States may be on the threshold of a major reversal in low taxation, low barriers to entry, and free markets.

It's not a reversal I welcome, should the pendulum swing too far back, in the other direction.
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