Re: [Pen-l] California Fiscal Bait and Switch

[Doyle Saylor <doylesaylor@xxxxxxx>]

Greetings Economists,
On May 4, 2009, at 8:24 AM, Jim Devine wrote:

> in addition, rising house prices and assiduous property assessors
> (trying to raise revenue for the financially-strapped state and local
> governments) led to soaring tax assessments, which squeezed a lot of
> home-owners whose incomes were not rising as quickly (e.g.,
> pensioners). This helped form a largely suburban base for the "tax
> revolt," which was exploited to the max by demagogues such as Howard
> Jarvis.

Doyle;
This is the point given to me by otherwise left leaning working class  
people I know.  They needed relief from higher and higher taxes on  
their home.  I figured that was shooting themselves in the foot, but  
they wouldn't listen to that.  I suspect that was the potent 'anti- 
tax' argument more that keyed to a budget surplus that could be re- 
distributed to frightened home owners.
Doyle
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