California May Pay With IOUs for Second Time Since Depression - Page 2

Quicksilver · #11 12-05-2008, 11:43 PM

That's exactly why prop 13 is in effect. People who are living in that house are drawing retirement not on today's money but money from years ago. Get it??

Quote:

Originally Posted by B-Line

Because if the house was sold for $1M, the state would be collecting $12,000 year in property taxes rather than $650.

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blondboinsd · #12 12-06-2008, 03:44 AM

We also have a property tax re-adjustment here in SD (it's over now) but EVERYONE was allowed a new comp this year, my parents shaved nearly 40% off their House.

B-Line · #13 12-07-2008, 03:46 PM

Quote:

Originally Posted by Quicksilver

That's exactly why prop 13 is in effect. People who are living in that house are drawing retirement not on today's money but money from years ago. Get it??

There is not a single other state that I am aware of that has anything similar to prop 13. And somehow, all their retired people seem to get along without it.

California is not the only state that deals with increased home prices. Every state has it and not every state has Prop 13.

And while every Californian, young and old, gets to appreciate low real estate taxes, that doesn't mean it's good for the state. Quite the opposite.

Furthermore, what you are speaking of, price fixing, doesn't take into account the increase in expenses that the state occurs that is well over 2% a year. So what happens is, over time, the state gets progressively worse and worse and worse.. Why? so retired people can get a tax break? At the expense of the children. The children who have bad schools, bad roads, underfunded police and fire departments..

This is a case where the ends don't justify the means. These expenses need to be paid by someone. And it's the vested homeowner who is not paying their share in real estate taxes that is bankrupting the state.

martinbaltes · #14 12-07-2008, 07:07 PM

whats wrong with scaling down to a trailer. dont they have a roof, heat, running hot water and electricity? people in this country have it to easy.

x5GuyInLA · #15 12-07-2008, 09:52 PM

Quote:

Originally Posted by Quicksilver

That's exactly why prop 13 is in effect. People who are living in that house are drawing retirement not on today's money but money from years ago. Get it??

retirees in the same profession weren't making the same money we're making, so they shouldn't be forced to pay the price we drove up w/ our crazy creative financing schemes.

Quote:

Originally Posted by B-Line

There is not a single other state that I am aware of that has anything similar to prop 13. And somehow, all their retired people seem to get along without it.

California is not the only state that deals with increased home prices. Every state has it and not every state has Prop 13.

And while every Californian, young and old, gets to appreciate low real estate taxes, that doesn't mean it's good for the state. Quite the opposite.

Furthermore, what you are speaking of, price fixing, doesn't take into account the increase in expenses that the state occurs that is well over 2% a year. So what happens is, over time, the state gets progressively worse and worse and worse.. Why? so retired people can get a tax break? At the expense of the children. The children who have bad schools, bad roads, underfunded police and fire departments..

This is a case where the ends don't justify the means. These expenses need to be paid by someone. And it's the vested homeowner who is not paying their share in real estate taxes that is bankrupting the state.

I don't think prop 13 is the problem. If you google "pre prop 13 corruption", you'll find some interesting website about the benefits of prop 13. For one, it gets rid of the corruption in the assessor's office and also puts more money into the hands of people for them to spend. As far as education goes, one article states that private and charter school outperform gov't funded schools on much less. IMO, problem with public schools is how the money is used. Just look at the debacle called the Belmont Learning Center. If prop 13 was that bad, other states wouldn't be trying to pass similar legislation. California needs to figure out how to better spend the money they get. If anything, I think they should tax everything, including groceries. In Hawaii, everything is taxed, although tax is only 4.7%. Worse case scenario is that we buy 10% less, which would be good for us anyway. We as a whole need to lose some weight anyway.

blondboinsd · #16 01-06-2009, 10:13 PM

Looks like they are going to do it! I'm going to send CA an IOU instead of my sending them my money due. How do they like them apples? Idiots!

MrLabGuy · #17 01-07-2009, 12:14 AM

I wonder if my company a California medical laboratory who does a lot of work with MediCal will give me an IOU my next commission check. I'm pretty sure they can't afford to pay everyones salary and benefits with a worthless sheet of paper from the State.

SANguru · #18 01-07-2009, 12:40 AM

I laugh at that notion. So let me get this straight. I'm poor and am bleeding $$$ because CA living expenses are so high. Can I as a resident of CA tell the gov't that I'm going to issue IOU's to the state for income and property taxes and not pay it until whenever I'M ready? I'm good for it! Eventually...... I'll pay it on Feb 30th....

Meiac09 · #19 01-07-2009, 12:45 AM

Quote:

Originally Posted by SANguru

I laugh at that notion. So let me get this straight. I'm poor and am bleeding $$$ because CA living expenses are so high. Can I as a resident of CA tell the gov't that I'm going to issue IOU's to the state for income and property taxes and not pay it until whenever I'M ready? I'm good for it! Eventually...... I'll pay it on Feb 30th....

Don't worry about it, China is about to eat the state, you'll have plenty of money

blondboinsd · #20 01-07-2009, 12:53 AM

Quote:

Originally Posted by MrLabGuy

I wonder if my company a California medical laboratory who does a lot of work with MediCal will give me an IOU my next commission check. I'm pretty sure they can't afford to pay everyones salary and benefits with a worthless sheet of paper from the State.

It's really pathetic, we are going to offer IOU's and our overpaid and I do mean OVERPAID Union CA employees can't give up a friggin Holiday. In additional we have useless people we voted in who can't seem to agree on a budget.

Why can't we run the government

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