The passage of proposition 13 in 1978 allowed us to keep our home. Now there is a real attempt to repeal or modify it. Based on the tax assessment formulas before Prop 13 passed, the property taxes on my house would almost triple. If that happens, we will be homeless.
According to news reports, the state has $20 billion in surplus plus a projected surplus of $6 billion more this coming year. Driving is almost too expensive with the 68 cents per gallon gas tax and 9% sales tax, our state income tax is the highest in the nation, car registration is the highest in the country and sales and business taxes are through the roof and California public schools, once the best in the nation now rank near the bottom. So why do we need to repeal a tax break that has benefited millions of California home owners over the years. The state doesn’t need the money and we the tax payers do not collectively have unlimited funds to pay more and more taxes. So what up?
Governor Newson proposed one of the most expensive budgets in state history. I assume that he and the democrats will spend lots of money on illegals, homeless and those who don’t need or deserve it. The more that is given free the more they will expect. The percentage of people working in the state is going down and soon there will be no workers to pay taxes and no sources of income.
California was called the golden state but it seems that the only gold is for the rich and those people who get everything free. Whats up is that the mismanagement of the state by the democrats is about to reach epic proportions and we’ll all pay.