SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (484058)5/28/2009 7:15:07 PM
From: Tenchusatsu  Read Replies (3) of 1574437
 
Tim, there are some inaccuracies in Chris Edwards' response to Washington Post columnist Harold Meyerson.

However, all of those liberals blaming Prop. 13 for CA budget mess really ought to do a thought experiment and imagine what would happen if Prop. 13 were repealed tomorrow:

1) Plenty of middle-class homeowners would move out of the state due to a huge spike in their property taxes.

2) Real estate values would drop.

3) Net property tax revenue would be neutral because the drop mentioned above would offset the additional revenue.

4) Even more homeowners in CA would be upside-down in their mortgages, thus limiting their mobility and flexibility.

Bottom line is that the assault on Prop. 13 is a purely political move and is entirely irrational. Liberals will never acknowledge their hand in creating the budget mess in CA, so instead they demagogue Prop. 13.

Tenchusatsu
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News