Schwarzenegger (R) Fails to Build Broad Support in CA (Legislature)

[SuperTool]

What they should do is modify prop 13 so that property taxes can go up when real estate appreciates, BUT cap it at 5% increase per year until it reaches that common level.

 

[CrazyHelloDeli]

Originally posted by: DealMonkey

Originally posted by: HelloDeli
DM you are so off base here. How in the world can Ahnold convice the SBL(Socialist Buffoon Legislature) to do anything if they are so one sided and digging their heels in? Blackmail? Personal Threats? Mind Control? You expect Ahnold to go behind their backs, sign a few bills here and there, and break the Law just like Davis did with the illegal tripling of the Car Tax? What logical answer do you have when the SBL is preventing any changes whatsoever to their crazed spending habits, and attempts to fix the Budget problems.IF THEY WONT MOVE, NOTHING WILL MOVE! This isnt a dictatorship if you havnt noticed.

Given what you are saying, how was it Davis' fault that the budget issues couldn't be brought under control?

Davis was one half of the equation, and easiest to target being one person. Crazed spending Legislature and a crazed spending Gumby = Huge Deficit the Tax payers have to fix one way or the other. The Legislature refuses to take responsibility for its part in Californias problems, and they show it by their Vetoing of Ahnold bond measure and spending cap. Bustamante spoke for the legislature when he stated in the televised debates that his and the legislatures answer to the fact that he went crazy with the Credit card, was to raise taxes by Nine Billion. Hopefully, Ahnold and his crew can get the initiative of a spending cap on the Balot, so the voters can finally take the keys away from the kid who keeps crashing the car.

 

[charrison]

Originally posted by: SuperTool
What they should do is modify prop 13 so that property taxes can go up when real estate appreciates, BUT cap it at 5% increase per year until it reaches that common level.

Prop13 is a sane way of doing property taxes. You let property taxes go up with the value of houses and you will old folks get taxed out of their houses.

 

[LunarRay]

Originally posted by: chess9
LunarRay:

Smarter people than me have noted the low relative property tax rates in California.

The problem with California is the mind set. LA in particular has a large group of people whose DNA doesn't include common sense. The good weather, great high tech jobs, etc. have spoiled a lot of people. They need to live in Northern Minnesota for a few years. Doesn't California also have one of the highest rates of bankruptcy? See, they max their credit cards and then wonder why they can't pay their bills. It's in the culture. Even the Republicans are infected with it. Save money during the good times and spend it during lean-if you must- is the idea. But they just spend, spend, spend. If they have a surplus they reduce taxes, which is just another way to spend. One of these days we're going to have a governor and state legislature that will actually build a surplus for longer than one year. Uh, on second thought it'll never happen.

-Robert

I guess I'd agree with your statement and opinion to the extent you compare it to another state. NYC and Long Island have the highest Property Tax rates that I know of and they are far higher than California. However, Califorina did enact prop 13 in what.. '78 or so.. Supported in large measure by Art Laffer and of course the actual drafters. (cant remember their names) Had that not happened I'd be paying much greater tax and the budget would be balanced. So there was some sense to it. Yes, they do spend (We) alot for schooling and social programs.. we have 33million people.. or so.
The problem is not in the spending, though. Davis cut 3 billion this year. The problem is in the revenue. The loss of tax base. We've lost the jobs that supported the outflow but kept the people.. I don't see the jobs or tax base returning so maybe Dakota or Montana is a place for them to go. (Us)...
The economy is going to go the way it is and not much can stop it. California just can't continue to rely on an enormous tax base anymore. I don't think. I agree that there won't be a governor or legislature that will balance the budget unless they cut 30 billion and that can't happen by legislation but will by the result of this fiasco.
Fantasy land is in Disney land and California is thinking it is fantasy land..
I think the treaty of Guadalupe Hidalgo in 1848 was the start of the mistake.. and it continues. I have no hopes for a return to the good ole days.. not because stuff (legislation or job creation) can't be done to ease the transition but the myth that the problem will get better or don't exist.

 

[LunarRay]

Originally posted by: SuperTool
What they should do is modify prop 13 so that property taxes can go up when real estate appreciates, BUT cap it at 5% increase per year until it reaches that common level.

No thanks! Well wait.. OK! But eliminate the property tax on principal residence of folks over say 65.

 

[SuperTool]

Originally posted by: charrison

Originally posted by: SuperTool
What they should do is modify prop 13 so that property taxes can go up when real estate appreciates, BUT cap it at 5% increase per year until it reaches that common level.

Prop13 is a sane way of doing property taxes. You let property taxes go up with the value of houses and you will old folks get taxed out of their houses.

That's why I would put a cap, so it would not jump a huge amount a year, but slowly catch up to what everyone else is paying for identical housing.

 

[SuperTool]

Originally posted by: LunarRay

Originally posted by: SuperTool
What they should do is modify prop 13 so that property taxes can go up when real estate appreciates, BUT cap it at 5% increase per year until it reaches that common level.

No thanks! Well wait.. OK! But eliminate the property tax on principal residence of folks over say 65.

Well, we can build in low income exceptions.

 

[charrison]

Originally posted by: SuperTool

Originally posted by: charrison

Originally posted by: SuperTool
What they should do is modify prop 13 so that property taxes can go up when real estate appreciates, BUT cap it at 5% increase per year until it reaches that common level.

Prop13 is a sane way of doing property taxes. You let property taxes go up with the value of houses and you will old folks get taxed out of their houses.

That's why I would put a cap, so it would not jump a huge amount a year, but slowly catch up to what everyone else is paying for identical housing.

It will eventually catch up and tax people out of their houses.

 

[LunarRay]

Originally posted by: SuperTool

Originally posted by: LunarRay

Originally posted by: SuperTool
What they should do is modify prop 13 so that property taxes can go up when real estate appreciates, BUT cap it at 5% increase per year until it reaches that common level.

No thanks! Well wait.. OK! But eliminate the property tax on principal residence of folks over say 65.

Well, we can build in low income exceptions.

Yeah.. I'd go for that.. over 65 is no property tax on a progressive basis.. 25K$ or so a year of any kind of income and above the % of normal property tax would be increased until say 60K$ which would be like 100% and under 25K$ is no property tax. That would work..
The immediate effect would not be drastic because new buyers already pay the market value as assessed.. and the rest phase up over say 5 to 7 years.

I agree that it would increase the tax on non movers under 65 but, perhaps it should be considering the cost of services and the progressive nature of property tax.. rich pay more cuz they buy expensive homes and it may make folk in Sacramento and local municipalities more in tune with the spending habits.. we'd watch em like a hawk..
It would evolve to the point, however, that the most needy for services would lose out as they always do..
I guess eventually we'd vote for stuff that does not increase property tax and end up with no services and an ala carte type service system.. kids go to school.. you pay more.. On welfare but can work.. go to work somewhere.. maybe Dakota..

I guess I don't mind the cost of services if I don't have to foot the bill.. I can't afford it.. but you can.. sorta NIMBY..