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

To: Tenchusatsu who wrote (209499)	10/31/2004 5:17:12 PM
From: tejek	Respond to of 1574751

Ted, Wait. Just ten years ago, CA got screwed over big time when its housing bubble burst. Trust me, when I tell you Prop. 13 is no protection. Well duh, but what does that have to do with taxes? Amy thinks Buffett is for higher taxes, but all Buffett wants to do is find practical ways to make the tax structure truly progressive. By the way, if this housing bubble bursts, the only people that will get screwed are those who either bought in the last few years or refinanced and cashed in on an inflated home equity. That includes me, and frankly, we'll deserve it. However, abolishing Prop. 13 would punish regular people who didn't buy too high or spend "funny money" from refinancing. They'll get screwed for simply staying where they are. You've made this far more complicated than I intended. All I was saying is that Prop. 13 will not protect you if the bubble bursts. ted