Schwarzenegger advisor Buffet suggests Ca. property taxes too low

CMT

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Fri Aug-15-03 10:37 PM
Original message

Schwarzenegger advisor Buffet suggests Ca. property taxes too low

Arnie's new advisor multi-millionaire (or is it billionaire) Warren Buffet suggested in an interview with the Wall Street Journal that California "property taxes need to be higher."

Now how will all those home owners around the state react to this? Davis should pounce on this statement--you know the GOP would if it were on the other shoe.

http://www.latimes.com/news/politics/la-et-rutten16aug16,1,4293283.story?coll=la-headlines-politics

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nothingshocksmeanymore

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Fri Aug-15-03 10:39 PM
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1. LOL God love Buffett for saying that

Arnold just lost the middle class vote and the senior vote. Their property taxes are tied to Prop 13...the brain child of the Goldwater Republicans.

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Clete

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Fri Aug-15-03 10:44 PM
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2. Well, that's probably going to put a few more elderly out

on the street. Actually, it will reverse the Jarvis ammendment, proposition 13, from way back when we first started seeing the homeless. Property taxes provided money for a lot of programs for people in mental hospitals and old age homes. It also did help old people who couldn't pay increasing property taxes because the value of their properties was rising.

So I guess we will put the elderly out on the street. Of course the homeless still won't get any help. But Enron will do well. Such a country.

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nothingshocksmeanymore

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Fri Aug-15-03 10:46 PM
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3. It was a voter mandate...they can't reverse it without putting it to the

voters.

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Clete

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Fri Aug-15-03 10:49 PM
Response to Reply #3

4. You think?

Edited on Fri Aug-15-03 10:51 PM by Clete

I hope so. English, english.

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nothingshocksmeanymore

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Fri Aug-15-03 10:57 PM
Response to Reply #4

6. Here is an article that explains the issues rather well

http://www.nctimes.net/news/2003/20030601/11111.html

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Yaoi_Huntress_Earth

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Fri Aug-15-03 10:49 PM
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5. It Sure Stopped in my Tracks

Good thing I wasn't swallowing any cantalope or otherwise I would've chokeing more the Bush Jr.
Love,
Yaoi Huntress Earth

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