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

To: Tenchusatsu who wrote (481178)	5/15/2009 3:59:57 PM
From: Road Walker	Read Replies (1) \| Respond to of 1575425

We did just fine for decades with Prop 13 in place, even through all of the real estate ups-and-downs. Well those type of tax preference schemes have a tendency to multiply over time. I know, I'm a beneficiary of one having been in the same house 17 years.

To: Tenchusatsu who wrote (481178)	5/16/2009 2:56:18 PM
From: tejek	Read Replies (1) \| Respond to of 1575425

RW, > Prop 13 probably hasn't been helpful with regard to your budget. We did just fine for decades with Prop 13 in place, even through all of the real estate ups-and-downs. BS. I watched as CA physically ran down.....as its infrastructure began to deteriorate...roughly ten years after Prop 13. The DMV lines were three times as long when I left as when I got there. Year after year, there were little cutbacks that reduced service.......needed projects that were put off due to a lack of money. When I got there, CA was still a fast growing state. By the time I left, its growth had slowed dramatically. In the late 80s, it never experienced net out migration....now it experiences net out migration nearly every year. Even during the most recent real estate boom, state tax revenues were soaring thanks to property taxes. This despite Prop 13. That's a fact Ted will never acknowledge, but WTH does he know? They may be growing but not enough to pay for what the state needs. CA has been living on borrowed time for a long time. You all blamed it on Gray Davis but Arnold is having the same exact problems. CA is a cancer that is a time bomb waiting to go off. When it explodes I worry the damage it will do to the rest of the country. And to think......it all started with a bunch of wingers back in the 1970s.....trying to starve the state of tax revenue. It only worked as long as it has because of CA's growth rate back then. As that rate has slowed, the folly that is Prop 13 is now catching up with the state. If you were smart, you'd look for a transfer out of there.