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

To: Joe NYC who wrote (482671)	5/21/2009 11:37:16 PM
From: steve harris	Read Replies (1) \| Respond to of 1574212

CA problem is not revenue, it is the spending. Spending is where the unions are. lol Joe, you managed to reiterate the fact that liberals believe every failure can only be solved if more money is thrown at it.

To: Joe NYC who wrote (482671)	5/22/2009 12:02:32 AM
From: tejek	Read Replies (1) \| Respond to of 1574212

CA's problems are not the unions. Its mostly Prop 13 Prop 13 controls revenue. CA problem is not revenue, it is the spending. Spending is where the unions are. The state has been on revenue starvation diet for 30 years. There are many people in CA still paying 1980 property taxes. Do you know what that does to your revenue stream? But keep talking about unions.....it makes for an interesting sound byte.

To: Joe NYC who wrote (482671)	5/28/2009 6:52:33 PM
From: TimF	1 Recommendation Read Replies (2) \| Respond to of 1574212

Prop 13 and the California Fiscal Crisis Posted by Chris Edwards In the Washington Post today, columnist Harold Meyerson blames 1978’s Proposition 13 for today’s budget mess in California. That claim is not supported by the data. First note that California’s current fiscal crisis is in its state budget. Prop 13 puts restraints on local property taxes. Second, the most recent Census data show that total state and local general revenues in California were $293 billion in fiscal 2006. Of that, $37 billion was property tax revenue, or just 13 percent of the total. Meyerson is arguing that that level of property taxes is too low, but it is hard to see how the recent crisis could have been caused by a three-decade old constraint on such a small fraction of overall state and local revenues. Third, on a per-capita basis, California is in the middle of the pack on property tax collections, thus even though property taxes were cut three decades ago, California governments still get a decent pound of flesh from property owners in the state. Fourth, Prop 13 placed a supermajority requirement on state tax increases, which Meyerson laments. But that restraint has certainly not led to undertaxation in California. After an initial dip in total state/local tax revenues as a share of income in the late-1970s, California’s tax take has been steady or rising. Estimates for 2008 put the state sixth highest with respect to state and local taxes as a percentage of state incomes. cato-at-liberty.org