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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (483552)5/27/2009 11:56:53 AM
From: tejek  Read Replies (2) of 1574122
 
Ted, > Uh.....your property taxes are figured at some ridiculously low rate...1%....if I remember correctly. That's due to Prop 13.....it put a cap on the tax rate. If it wasn't for Prop 13, you probably would be double the taxes.

What do you pay? 1.5%

Good question. I don't know. The point I was making is that you are benefiting from Prop 13 as well even though you didn't buy until this decade.

Like I said before, California has figured out how to fund its programs for 30 years since Prop 13 passed, including its generous benefits to unions, etc.

What you refuse to accept is that it was done with smoke and mirrors. When Prop 13 was passed, CA was one of the fastest growing states in the Union. With all those people moving in, the increased revenues from income taxes was able to cover at least a portion of the lost revenues due to Prop. 13. As the growth slowed, however, it became harder and harder to make up the losses resulting from Prop. 13.

Tax revenues may fluctuate more if they depend a lot on income taxes, but the proper way to handle that is via good fiscal discipline to save during times of prosperity.

Good fiscal discipline can help only so far. If there are not enough revenues to cover the basics, then you will always be in a hole no matter how strong your fiscal discipline is. If the average human being needs 1500 calories each day to survive but is only getting 1200 calories, no matter how well that person chooses between the food groups, s/he will be short calories and will lose weight......and eventually will die from malnutrition.
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