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

To: Road Walker who wrote (782870)4/30/2014 4:10:16 PM
From: Wharf Rat1 Recommendation

Recommended By
Road Walker

  Respond to of 1578368
 
A previous Gov Brown, also named Jerry, had a RDF in '78, which became "If the state can save money, your property taxes are too high, vote for Prop 13". They think da Rat has forgotten that; not yet.

California Fiscal Bait and Switch

I'm not an expert in fiscal policy. I don't even play one on television. With that caveat, I would like to comment on the upcoming California special election.
Prior to the ratification of Proposition 13 in 1978, Gov. Jerry Brown was building up a rainy day fund to prepare for fiscal emergencies. Republicans argued that the state had no right to hoard "the people's money."
econospeak.blogspot.com



To: Road Walker who wrote (782870)4/30/2014 4:15:02 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1578368
 
RW, Gov. Moonbeam was actually pretty successful in resolving California's budgetary problems.

Now California is flush with tax funds, thanks in part to Silicon Valley money. Even the IPO of Facebook had California's tax collectors drooling. Now the real estate market here is white hot, which of course will lead to even more tax revenues for Sacramento.

Unfortunately, the middle class continues to get it in the shorts here. The ironic thing about California's propensity to tax the rich is that as the gap between rich and poor grows, so too will California's government.

Tenchusatsu


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