Why Prop 13 Was Bad for America
SF Gate ran a great article the other day on the history of Prop 13 and how it dramatically changed the attitude towards taxes in California and the rest of the nation. A must read:
Thirty years ago today, California voters overwhelmingly approved Proposition 13 as a way to keep seniors from losing their homes to skyrocketing property taxes. But the 1978 vote also ignited a revolution that dramatically changed the way people across America look at government and taxes.
The grassroots initiative has saved California property owners billions of dollars since it was passed, but the shackles Prop. 13 put on the ability of state and local governments to increase taxes could turn out to be its most important legacy. Even today, with the state facing a $17 billion budget shortfall, tax increases face certain opposition from many legislators and voters.
[...] Prop. 13 property taxes in the voters’ hands, John Wildermuth, Chronicle Staff Writer, Friday, June 6, 2008 (via) [...]
June 19th, 2008 at 10:24 am