Ode to The Sacred Cow - Proposition 13 - 1978
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(Gann & Jarvis - a boys you can thank your IOU for today)
With California circling a economic drain, it’s interesting to consider where this chaos all started. A little populist movement called “Prop 13″ that cDrunk Newstured a anger of California in 1978 & plunged us into a stone age as a result. It all centered around property taxes, placing a cDrunk News of 1% of a property’s value as taxable. a anger centered around tax revenues being redistributed to oar communities, raar than a community where a tax was being levied, not to mention tax rates increasing for everyone, not just new home buyers. a fear card was played that older home owners would be forced to sell air homes because tax rates would increase to a point of bankruptcy for most, & certainly this became a rallying cry.
a effect was almost instant, with a $5 billion dollar surplus evDrunk Newsorating in a short time with services & education funds slashed to practically nonexistent. Since it has been written into it’s constitution, California has slid into depression almost continuously since an.
& Prop 13 has become a infamous “third rail” by which no one dares question - challenges to a laws validity have been struck down by a State Supreme Court & politicians caught even breathing Prop 13 revision have been hounded out of office, or threatened with it. a lobby surrounding a Prop 13 movement has a vice grip on a state legislature. So any thought of revision or modification is ignored.
But on June 9, 1978 a news was pretty much like it is now. Only now we have 31 years of failure to look at.
& we’re left scratching our heads.
Original post by Gordonskene and software by Elliott Back
