Saturday, July 04, 2009
"How Politicians Bankrupted California"
As the writer says, many blame California's problems on the citizens referendums; and, as the writer says, that's just NOT true.
Putting a cap on property taxes is what allows retirees to stay in their homes longer. I think that a good thing.
Politicians controlling spending would also be a good thing...
Putting a cap on property taxes is what allows retirees to stay in their homes longer. I think that a good thing.
Politicians controlling spending would also be a good thing...
Carol Platt Liebau writes at RealClearPolitics.com:
"Of all the problems contributing to the fiscal mess, state under-taxation is the least of them. California's sales and gas taxes are the highest in the country - and it has the highest vehicle license fees and the second-highest top-bracket income tax, too. Its corporate tax rates are the highest of all Western states, and for the fourth year in a row, a survey of 543 CEO's found that California's toxic combination of high taxes and intrusive regulations made it the worst place in the nation to do business.
In fact, at the real root of California's fiscal misery is the profligacy of arrogant, big-spending, left-wing legislators, who have treated taxpayers as if they exist only to support the government."
