Posted on 11/19/2012 10:30:52 AM PST by chessplayer
California Governor Jerry Brown hailed his signature tax-hike to fund education—known as Proposition 30—as a towering achievement that will ensure educational excellence in higher education and spare those trapped in poor and failing K-12 California public schools from budget cuts.
But a new study by five UC Berkeley doctoral students titled “Swapping Our Future: How Taxpayers And Students Are Funding Risky UC Borrowing and Wall Street Profits” says that millions of dollars of the freshly raised revenues won’t go to California’s school children.
(Excerpt) Read more at breitbart.com ...
Surprise, Surprise
Surprised? Not from this lifelong CA resident.
Anyone who willingly remains in CA at this point, just doesn’t understand what’s going there.
In 2013, CA will have, offcially, the top state income tax rate in the nation at 13.3%. This usurious.
Gov. O’Malley of Maryland put a special income tax on millionaires in Maryland - and 30,000 of them left the state. Now he’s telling voters that table gambling in MD will help fund education. Good Lord, who believes this claptrap?
The “fix” is always another tax, bond, surcharge, permit or fee away.
Yea. They made some bad “investments” and the new tax will just about (more or less) make up for the loss.
LOL! How many doctoral students does it take to screw in a lightbulb?
Wonder what % the teachers retirement fund received?.
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