Fri, Jan 31, 2020 |
By John Schroeder
…state and local authorities in California want to put in a bigger drain pipe. Did you listen to the hosts interview with Pete Peterson of Pepperdine this past Wednesday? They did not paint a pretty picture and they are just scratching the surface.
Super Tuesday will be here before we know it, and California will vote. Early voting and absentee balloting have begun. Votes are being cast right now. And as always much mischief is afoot – particularly in a low turnout, especially for Republicans, election like this primary. And so we have a tale of two propositions absolutely guaranteed, if passed, to drive the state to ruin that much faster.
The first is currently titled as follows:
1870. (19-0008A1)
INCREASES FUNDING FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT.
This, frankly, is a straightforward repeal of California’s famed Prop. 13 for some “limited” situations. What it really is is a recipe to drive business away from the state at an even faster rate than they are currently migrating. It will cost jobs, and raise prices on virtually everything.
The other measure is in LA County only and is technically not a property tax. They are calling it a “parcel tax” since it is based on square footage of the property, not its value. Shakespeare said it best when he said something about, “a rose by any other name….”
The sheer hubris evident in these offerings is noteworthy. There are three things I find remarkable about all this.
Read More