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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (168201)12/2/2008 2:01:40 AM
From: Skeeter BugRead Replies (3) of 306849
 
Lizzie,

"California state government spent $145 billion last fiscal year, $41 billion more than four years ago when Gov. Gray Davis got recalled by voters."

latimes.com

you must not pay much attention to what is going on in this state.

my guess is you want others to pay more taxes while not doing so yourself. so, would you pay more taxes if CA's property tax law were changed to charge everyone the going rate on assessed values?

my guess is no. am i right?

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$8k in state tuition per year IS NOT "practically free." oh, and that $8k is built upon the foundation of an ever increasing stock market bubble which is now gone.

tuition will go up substantially over the next few years.

oh, and we had the best university system around when inflation adjusted tax rates were 1/3 current levels, too.

california's k-12 system, the one that gets over $70 billion per annum, is not good. it has a 25% drop out rate in high school.

sacbee.com

again, they get about twice the money per student as my son's private school to *achieve* a 25% drop out rate. ~$11k per student. that's $275k per classroom, per year for a class of 25. that is too much money to be spent wisely.

they blew $200 million on a payroll system that doesn't work in LA unified.

dailynews.com

NO THANKS!

also, name one state that has a 9%+ income tax that kicks in under $50k.

it *is* a spending problem.

Bear in mind that California is spending a larger portion of people's earnings than at any time in its history and delivering less. We are spending, in inflation-adjusted dollars, three times what [Democratic Gov.] Pat Brown spent in the mid-1960s, at a time when the state was delivering a first-rate level of service, including the finest highway system in the world, the finest university system and public school system in the country. We were bringing down the state water projects and building hydro-electric dams that today are producing electricity for half-a-cent a killowathour. All of these works of government were costing about $1,000 per capita in year 2000 inflation-adjusted dollars. The state of California today is spending over $3,000 and delivering nothing.

findarticles.com
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