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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (21134)	7/2/2009 10:01:26 AM
From: Follies	1 Recommendation Respond to of 71454

During the dot com bubble CA had a huge increase in revenue. Instead of saving that windfall, that spent it and created programs and spending increases that are in place today. They expected that windfall to continue. Give government any amount of money and they will spend it and more.

To: Skeeter Bug who wrote (21134)	7/2/2009 2:27:45 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71454

Almost everyone has increased their spending faster than the population growth of California over the past ten years. It's called inflation. .

To: Skeeter Bug who wrote (21134)	7/2/2009 4:17:06 PM
From: GST	5 Recommendations Read Replies (1) \| Respond to of 71454

<that has NOTHING to do with prop 13> You dodge the three most obvious problem faced by California First, the existing system is inherently a roller coaster that cannot be tamed as it gyrates wildly from one period of time to the next -- and yes this is directly due to prop 13; and second, the taxes that California uses profoundly penalize income which is just plain stupid and relies heavily on the most regressive of all forms of taxation, the sales tax, and yes this is directly due to prop 13, and third, home prices in California have been tragically distorted in no small part due to prop 13. Nobody should argue that California is well governed -- but to deny the obscene consequences of prop 13 is just to live in denial.