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

To: GST who wrote (21166)	7/2/2009 9:06:58 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 71454

>>No it does not -- and it is irrelevant that it does not.<< only in your dreams, GST. you claimed, erroneously, that prop 13 was the cause of the so-cal housing bubble, but you can't cite evidence. i'm telling you the cause of the housing bubble was the same as the cause of the bubble in arizona and across the nation - AND THEY DIDN'T HAVE PROP 13. therefore, less logic be dmned, prop 13 didn't cause the bubble in CA and your assertion was wrong. that's relevant. perhaps too relevant to register to you. >> BTW, if California had the same house prices as Arizona it would be considered dirt cheap by California standards.<< the percent rise in home prices in arizona were along the same percentage rises in CA, if not higher. their collapse has been more spectacular. perhaps prop 13 is doing the good work of supporting the CA market compared to a non prop 13 market like arizona. i don't believe that, but i thought i'd tread into the absurd since others seem to be having so much fun hanging out there. ;-) >>What it does explain is why the eighth largest economy in the world is in a state of complete financial meltdown,<< GST, correlation does not imply causation. even if* prop 13 robbed the poor CA government, the CA government knew this in advance and should've been responsible and only spent what the freaking people gave them to spend. the government is the problem >>and it explains why so many absurd and counterproductive other tax measures have been taken since 1978.<< this is true to an extent, however, the real cause of the absurd tax measures IS EXCESSIVE GOVERNMENT SPENDING! IT IS A SPENDING PROBLEM, NOT A REVENUE PROBLEM. it is what it is. the facts bare it out. even so, i can't prevent people from miming an ostrich.