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Politics : Bill Clinton Scandal - SANITY CHECK
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To: Lizzie Tudor who wrote (4049)9/21/1998 9:23:00 AM
From: j_b  Read Replies (1) of 67261
 
<<Proposition 13 which is a very unfair law that locks Ca property taxes in at the basis of the cost of the house when it was purchased>>

Yes, but......the average time between sales and reassessment is 5 years for residential property. Apparently, that has not caused the problems you refer to. Hwoever, the turnover time for business is much longer. Perhaps if Proposition 13 were revisited to correct for this (it was never meant to protect businesses), you might feel differently. Also, remember why the proposition was passed in the first place. An out-of-control legislature was so intent on tax-and-spend politics, that large numbers of people were being taxed out of their homes after they retired. If the legislature would have dealt with their problems, the people would not have reacted in so draconian a fashion.

As to the H1-B visas - the common argument in favor of the visas is that the jobs would move overseas, since that's where the skills are and the labor costs are right. After all, we live with a global economy, and there is nothing to prevent companies from moving their programming operations overseas. In fact, many are beginning to do just that. I'm not commenting on the quality of that argument, just pointing out the other side.
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