Prop 13 no longer sacred cow

By tovarichpeter   follow   Sat, 29 Dec 2012, 9:33am PST   ↑ Like (1)   ↓ Dislike   1,711 views   10 comments   Watch (1)   Share   Quote  

http://www.contracostatimes.com/breaking-news/ci_22277586/california-democrats-signal-they-want-reform-proposition-13

The third rail of California politics may not be as deadly as once thought. Three and a half decades after the passage of Proposition 13 shook the political landscape in California and sparked a taxpayer revolt across America, voters appear to be warming up to the idea of reforming the initiative as long as protections for homeowners stay intact. And the apparent sea change in public attitudes, combined with the two-thirds majorities Democrats now hold in both chambers of the Legislature, has emboldened some politicians to take aim at the iconic measure. "It is time for a fix, because Proposition...

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FortWayne   befriend (12)   ignore (3)   Sun, 30 Dec 2012, 9:39am PST   Like (2)   Dislike     Share   Quote   Comment 1

Yes it is. It was really bad in CA when because of the pension pyramid schemes property taxes had to be around 6% just to keep paying government union retirees.

Many folks still remember that and want to see spending cuts by the unions. Folks don't want increased taxes throwing people into poverty and out of their homes just to keep paying the unions their exorbitant benefits.

If all of us paid every single tax CA unions want us to pay, we'll never afford anything, and everyone except for the unions will be in the poor house. Welcome to the ugly human nature of the unions, greed above all else.

C Boy   befriend (0)   ignore (0)   Mon, 31 Dec 2012, 1:57am PST   Like (1)   Dislike     Share   Quote   Comment 2

I guess Bernake gets no blame for keeping interest rate at .25%?

Today an 8% return is impossible. Damn those unions for not finding better investments.

FortWayne says

Yes it is. It was really bad in CA when because of the pension pyramid schemes property taxes had to be around 6% just to keep paying government union retirees.

Many folks still remember that and want to see spending cuts by the unions. Folks don't want increased taxes throwing people into poverty and out of their homes just to keep paying the unions their exorbitant benefits.

If all of us paid every single tax CA unions want us to pay, we'll never afford anything, and everyone except for the unions will be in the poor house. Welcome to the ugly human nature of the unions, greed above all else.

Landru3000   befriend (2)   ignore (0)   Mon, 31 Dec 2012, 2:11am PST   Like (1)   Dislike     Share   Quote   Comment 3

Stupid Unions, cranky old people worrying about their retirement income. Makes me so mad!

Actually - This was about Prop 13. No mention of the unions in the article. It was corporations that put 13 through and are fighting to keep it.

FortWayne says

Yes it is. It was really bad in CA when because of the pension pyramid schemes property taxes had to be around 6% just to keep paying government union retirees.

Many folks still remember that and want to see spending cuts by the unions. Folks don't want increased taxes throwing people into poverty and out of their homes just to keep paying the unions their exorbitant benefits.

If all of us paid every single tax CA unions want us to pay, we'll never afford anything, and everyone except for the unions will be in the poor house. Welcome to the ugly human nature of the unions, greed above all else.

FortWayne   befriend (12)   ignore (3)   Mon, 31 Dec 2012, 2:12am PST   Like   Dislike     Share   Quote   Comment 4

C Boy says

I guess Bernake gets no blame for keeping interest rate at .25%?

Today an 8% return is impossible. Damn those unions for not finding better investments.

Since when is 8% return on investment an entitlement?

FortWayne   befriend (12)   ignore (3)   Mon, 31 Dec 2012, 2:15am PST   Like (2)   Dislike     Share   Quote   Comment 5

Landru3000 says

Stupid Unions, cranky old people worrying about their retirement income. Makes me so mad!

We can't afford to have people work for 20 years and retire for 40. It was a nice idea if it worked, but it doesn't, and like any pyramid scheme unsustainable.

lostand confused   befriend (9)   ignore (3)   Mon, 31 Dec 2012, 2:37am PST   Like (2)   Dislike     Share   Quote   Comment 6

There is no limit on pensions. There was that guy who was already making 250k a year in pensions and applied to increase it to 500k a year-because he served as Police Chief for 1 yr in little city called Belle. A 500k a year pension for a small town police chief??

I think they should cap pensions at 45k or some such-that is close to 4k a month. How much more do you need. Then police and firefighters can retire at 50-at 50?? While it is a tough job-can't you train and reassign them to other desk jobs at least till they are 65 or 67??

Raising revenue is fine, but cut spending too-which is why I think we should jump off the fiscal cliff-either party will not cut spending-ever.

LarryPatrickMaloney   befriend (13)   ignore (2)   Mon, 31 Dec 2012, 5:13am PST   Like   Dislike     Share   Quote   Comment 7

Now with Democrats 2/3 supermajority, anything is possible! :) Go get your property taxes liberals!!!!

C Boy   befriend (0)   ignore (0)   Mon, 31 Dec 2012, 8:28am PST   Like   Dislike     Share   Quote   Comment 8

FortWayne says

C Boy says

I guess Bernake gets no blame for keeping interest rate at .25%?

Today an 8% return is impossible. Damn those unions for not finding better investments.

Since when is 8% return on investment an entitlement?

8% is what all of the municipalities assumed...now 7.5%. ;-)

taxee   befriend (0)   ignore (1)   Tue, 1 Jan 2013, 3:02am PST   Like   Dislike     Share   Quote   Comment 9

C Boy says

FortWayne says

C Boy says

I guess Bernake gets no blame for keeping interest rate at .25%?

Today an 8% return is impossible. Damn those unions for not finding better investments.

Since when is 8% return on investment an entitlement?

8% is what all of the municipalities assumed...now 7.5%. ;-)

In case you hadn't noticed the DJIA is manipulated by the fed and friends and was up 7.26% in 2012 .

taxee   befriend (0)   ignore (1)   Tue, 1 Jan 2013, 3:06am PST   Like   Dislike     Share   Quote   Comment 10

After jerking around the real estate market they've expanded to equities. And they will support them at their pleasure (until they don't).

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