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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Why California Is Doomed Posted by Kristine-CA on March 12, 2010 at 7:27 PM In Reply to: Why California Is Doomed posted by SSinOC on March 12, 2010 at 12:47 AM How about letting homeowners who purchased 20-30 years ago pay property taxes based on this century? Forget politics and which side you are on, if you have neighbors who pay property taxes on tax assessments that are 10% of the value of your comparable house, that's not sustainable. We can't wait for people to die in order to properly assess their property. : "California is doomed for two simple but profound reasons: the cost structure is too high for most businesses to survive, and a boom-dependent economy. : The dysfunctions crippling California would easily fill a volume: a dysfunctional Legislature that has been gerrymandered to protect virtually every seat; a dysfunctional proposition system which enables special interests to craft Protected Fiefdoms via the ballot box; recalcitrant public unions who don't see anything wrong with public servants getting 90% of top-pay in pensions while still earning big bucks as "contract employees," an enormous population of undocumented workers who pay only sales taxes, and whose employers pay no payroll taxes, either-- and that just scratches the surface. : I want to highlight two systemic, structural causes for California's impending bankruptcy as a state and as an "economy": a crushingly high costs structure and an economy entirely dependent on the next boom. " : http://www.oftwominds.com/blogmar10/California-doomed03-10.html Follow Ups: Re: Why California Is Doomed Geri 11:55 AM, 03/13/10 (3) For every action there is an equal and opposite reaction. JK (the other JK) 3:35 PM, 03/13/10 (2) Re: For every action there is an equal and opposite reaction. hard money lender 7:32 PM, 03/13/10 (1) Re: For every action there is an equal and opposite reaction. OC Broker 10:56 PM, 03/13/10 (0) Re: Why California Is Doomed Paul 9:21 PM, 03/12/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : How about letting homeowners who purchased 20-30 years ago pay property taxes based on this century? Forget politics and which side you are on, if you have neighbors who pay property taxes on tax assessments that are 10% of the value of your comparable house, that's not sustainable. We can't wait for people to die in order to properly assess their property. : : "California is doomed for two simple but profound reasons: the cost structure is too high for most businesses to survive, and a boom-dependent economy. : : The dysfunctions crippling California would easily fill a volume: a dysfunctional Legislature that has been gerrymandered to protect virtually every seat; a dysfunctional proposition system which enables special interests to craft Protected Fiefdoms via the ballot box; recalcitrant public unions who don't see anything wrong with public servants getting 90% of top-pay in pensions while still earning big bucks as "contract employees," an enormous population of undocumented workers who pay only sales taxes, and whose employers pay no payroll taxes, either-- and that just scratches the surface. : : I want to highlight two systemic, structural causes for California's impending bankruptcy as a state and as an "economy": a crushingly high costs structure and an economy entirely dependent on the next boom. " : : http://www.oftwominds.com/blogmar10/California-doomed03-10.html [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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