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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (451739)	9/2/2003 5:53:45 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 769670

the high tech industry is committed to overturning proposition 13, since it is a form of age discrimiation which shifts the tax burden from the older, long time residents to the young. Tech lobbies sunk millions into prop 39, which overturned the 2/3 majority needed to raise taxes for improvement to schools. That was the first assault. I expect prop 13 to be overturned on legal grounds in the next few years anyway. Especially if the state defaults under its debt of 65 billion, prop 13 has to go. We don't have the employment numbers in CA anymore to subsidize the long term wealthy homeowners like Warren Buffett. If somebody is really elderly and poor we can create an exclusion but for these wealthy people, the gravy train has to stop imho. All these conservatives are crying the blues and trying to insinuate the employment numbers for CA "aren't that bad" so as to imply prop 13 is still workable when it isn't.