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

To: tejek who wrote (488699)6/17/2009 4:26:37 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1572095
 
Ted, you might be surprised to know that I would support phasing out Prop. 13. I've always believed that property taxes is the closest thing to a "wealth tax" we have, and that the revenues from it are less likely to fluctuate than income and sales taxes, particularly income taxes on the "rich."

But I really hate it when outsiders single out Prop. 13 as one of the major contributing factors to CA's demise. If the politicians can't figure out how to deal with fluctuating tax revenues, they frankly should go find another job.

THAT'S the real problem in Sacramento, not the fact that some people who've lived in the same house for decades aren't paying "their fair share."

Tenchusatsu



To: tejek who wrote (488699)6/17/2009 4:36:31 PM
From: bentway  Respond to of 1572095
 
You're starting or MOVING a company. Some of the things you consider are the cost of housing and the cost of living for your employees, because you have to pay them enough to cover BOTH. CA loses big on both counts. Not only do houses cost too much, new Californians bear the ENTIRE property tax burden.

So, Prop 13 is a big reason that CA is one of the worst places to start a company.


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