Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (117621)	1/27/2009 9:38:51 PM
From: Skeeter Bug	Respond to of 132070

>>You forgot to mention very low property taxes, which caused all the problems. That was a taxpayer's revolt. It basically rolled the taxes down to the lowest wage earners and away from property owners.<< Knighty, i beg to differ. in the late 90s CA had MASSIVE surpluses... and property tax receipts were much lower. much, much lower. property tax receipts have exploded since then. if low property taxes were the problem, the problem shoulda been much worse when the property taxes were much less instead of when they were much higher, no? the problem is that the special interests that control government were able to double the size of government expenditures (iow, double their take). enrollment in CA schools are down 6% over the last 5 years, yet money given to the schools is up 30%. that's not a property tax problem, that's a spending problem. more taxes will not cure a spending problem b/c they will spend all the new taxes and then some. and tax more. and spend more. and spend more. and tax more. think of the typcial employee union mob boss as fuld. enough just doesn't exist to these sociopaths.