Arnold's Budget Trigger's uproar


Oakpundit
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Joined: Dec 2007
Posts: 75
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I cannot believe the Guvanator thinks we are so dumb as to believe it was the failure of the Legislature to pass SPENDING CAPS rather than a budget shortfall caused by lack of home sales and the current mortgage foreclosure crisis.  Quick lesson, the state's income is generated on property taxes.  A rate rate of foreclosure means less homeowners and less property taxes being collected.  Plus, we've seen nothing but cuts at the state level to services.  And the state has grabbed more and more of the cities' tax dollars to boot while mandating the cities of California handle more and more services.  Soon there will be nothing left to the state to administer.  But what boards and fat has the state cut?  Arnold always thinks that the poor are expendable, t he blind, disabled and the children.  But not any of the 181 employees of his office whose salaries he boosted this year.  When Wilma Chan as a California assemblywoman tried to reintroduce a bill into the STate legislature during her tenure to recapture  a small fraction of the half trillion dollar tax refund to the rich which came out of our collective tax dollars, an unprecedented transfer of wealth to a class of the wealthiest individuals in this country, the bill stalled.  This bill would probably have generate around $ 4 billion a year.  It was a very very modest tax on those making at least $200,000 per year and up.  It's clear that California needs to return to a progressive system o f taxation desperate in addition to closely some of the tax loopholes that have been opened up in the State Legislature over the past 2 decades similar to those granted by Congress to wealthy corporations.  I sincerely doubt businesses in California would disappear.  Especially in our present service economy.  Prop l3 also needs a much-needed overhaul and amendment to include commercial property as well as residential property.  Through legal shell games ownership of big office buildings in SF avoid taxation when ownership changes hands along with small auto repair businesses which blight several boulevards in Oakland, amongst them  San Pablo Avenue near Oakland's downtown.  Councilmember Danny  Wan was a big supporter of this.  Hopefully, even if the Trib doesn't want to write about t hese issues more people will educate themselves and take a closer look at how and why taxation became such a dirty word in our lexicon.  Just why do all those rich folks need more money and bigger McMansions, fleets of SUV',  and Latin au pairs to raise their children at the expense of public education and recreation for this state's working folks? 

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