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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (134946)	3/26/2001 6:05:45 PM
From: tejek	Read Replies (1) \| Respond to of 1570342

Simpler taxes would give us more freedom and waste less resources trying to figure out and comply with the tax laws. I would also like taxes to be lower but they could become simpler without being lower. Tim, My experience has been that people still complain when taxes are lowered and/or simplified....CA is a prime example. CA has one of the lowest real estate tax formulas in the country because of the passage of a proposition, Prop. 13, over 20 years ago. Nonetheless, people still complain they are paying to much in taxes. Worse....CA's infrastructure is straining badly under this reduced tax rate. The theory behind Prop. 13 was that lowered taxes would permit people to put the $$$ to other uses and generate more jobs and business which, in turn, would produce more taxes and make up for the shortfall that Prop. 13 created. When I got there, the CA economists had all these models showing that it was working. However, even then, their conclusions were questionable and I thought conditions were deteriorating. Then came recessions, earthquakes, and riots. And now the loss of tax $$$ is clearly showing in the form of a badly worn out infrastructure that is suffering from considerable deferred maintenance. Ironically, that has become the basis for the latest complaints re taxes and the subsequent call to reduce them further. Stupid is as stupid does. ted