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Schwarzenegger Adviser Buffett Suggests California Property Taxes Are Too Low
The Wall Street Journal ^
| August 15, 2003
| JOSEPH T. HALLINAN
Posted on 08/15/2003 10:23:44 AM PDT by Pubbie
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To: spokeshave; tallhappy; Drango; Wait4Truth
On the off chance that I can convince any of you,
there is hope in this race.
McClintock is a winner. Win or lose, Arnold is a loser--and you will lose too, if he wins.
To: mallardx
dittos mc clintock will observe our 2nd amendments rights
82
posted on
08/15/2003 11:30:20 AM PDT
by
mt tom
To: Reeses
It, however, helps make the cost of living and therefore business costs higher in CA for new businesses which need new employees.
As for lower crime - in CA people who own houses are not criminals.
83
posted on
08/15/2003 11:30:45 AM PDT
by
buwaya
To: Pubbie
A sure fire way to have Arnold's numbers go below 50%! I guess Buffett forgot about the sales tax and income tax we have to pay to the state as well. Now why is it that Rush lives in Florida anyway?
84
posted on
08/15/2003 11:31:54 AM PDT
by
TheDon
(Why do liberals always side with the enemies of the US?)
To: Chesterbelloc
Wow! If property taxes were 1% of what I paid in Mass. I'd be paying 15% of what I do now!!
85
posted on
08/15/2003 11:32:15 AM PDT
by
Lady Jag
(Googolplex Star Thinker of the Seventh Galaxy of Light and Ingenuity)
To: buwaya
Cities like to tack on tax to the state tax. The long and short if is that we pay more than enough.
To: My2Cents
I think nearly every state has too many layers of government and too many employees who add nothing to the well-being of that state's citizenry. My home state of Iowa is a good example. 99 counties--some with fewer than four thousand people. Four or five of these could be combined for the services they need.
To: The Old Hoosier
LOL!
To: Cinnamon Girl
Unless he comes out officially and says that will be his strategy, I just don't buy that Arnold is stupid I agree with you that Arnold is not that stupid, from his prior economic beliefs. But it seems that Buffet is. What is that old saying, "don't beleive your own press". Well since Buffett is a darling of Wall Street, Buffett probably thinks his words are the words of "God", especially while talking to the Wall Street Journal.
Arnold if you are reading this thread, dump Buffet.
89
posted on
08/15/2003 11:35:13 AM PDT
by
Dane
To: My2Cents
90
posted on
08/15/2003 11:35:36 AM PDT
by
NormsRevenge
(Semper Fi ...&&&&&&&&&...SuPPort FRee Republic.....www.TomMcClintock.com..... NEVER FORGET)
To: ProudGOP
Actually it is the valuation of the house for the purposes of paying property taxes that is limited to 2% per year. My house has increased in value about 12.5% per year for the last 5 years, but my property tax has only increased 2% per year.
It would be nice to get rid of the income tax in Cali, and perhaps the property tax as well. I wonder what the sales tax would be if we got rid of both?
91
posted on
08/15/2003 11:36:31 AM PDT
by
TheDon
(Why do liberals always side with the enemies of the US?)
To: Eric in the Ozarks
The problem with that is that by lumping all of those separate tax invoices into one lump sum, you might just wake up the electorate to exactly how much they're paying to the individual entities!
In CA almost every county has a special tax to support some group's pet project. Here in Sonoma County we have an quarter cent "open space" tax; in SF every gallon of gas has a percentage tacked on for school sports programs and it goes on county by county.
Group by group, layer by layer, we should all demand the inclusion of an itemized listing of who gets what and how it's spent.
Now that would bring on a taxpyer revolt!
To: talleyman
The "hated car tax" relief is more than offset by higher fees & taxes on everything else.Is that why something like $3-4 billion has been cut in Virginia over the past two years?
When Gilmore repealed the car tax, he still promised municipalities that needed that income that they would get it, because there was so much tax revenue. When that dried up as the economy slowed, Gilmore had to use some budget gimmicks to keep the repeal going. The lack of the car tax revenues (not that I'm defending it!) caused a big hole in the budget because the government spending that it paid for hadn't been cut. Essentially that's what Warner has had to do; cut the spending that the car tax used to pay for. And he's saddled by an antiquated tax code; even the Virginia Republicans admit it, but they aren't about to concede an issue during an election year.
To: Pubbie
Buffett:
1. Your property taxes are too low...
2. Your income taxes are too low...(future)
3. Your car taxes are too low...(future)
4. Your Environmental Fees are too low...(future)
5. Your School Fees on New Property are too low...(future)
Californians do not save enough (see items 1 thru 5)...
Thank you Mr. Buffett, now go home.
DD
To: Pubbie
People like Buffett are completely insulated from reality. Arnold is too. These guys do not have to worry about money - ever. They do not have to make choices about whether to go on vacation this year or fix the roof. They don't give a RAT's @ss about taxes because to them, a million dollars is nothing. To the poor, and the working stiff, and even the white collar professional, a property tax rate of 1% is a hell of a lot different than a rate of 2%. Its the difference between a retirement age of 62 or 68, or of being able to retire in California or northern Nevada (Actually, I am considering northern Nevada).
These jerks had better see that this recall is as much a referendum on taxation as it is a rebuke of the puke, Davis. The problem is NOT that taxes are too low, but that government buffoons SPEND too damn much money - on things which they have NO business and NO authority to spend on.
If this SOB thinks he can waltz into the governor's office and simply repeal Prop 13, he is a lot dumber than I thought. The death of America will be on the hands of the rotten, liberal, spenders, mainly the RAT-bastards; but guys like Arnie will be the end of the Repubo Party. Why vote for a Repubo and get a RAT? Might as well vote for the RAT and bring on the collapse and the next civil war. I fear that is what its going to take to restore any sense of Constitutional liberty.
95
posted on
08/15/2003 11:43:16 AM PDT
by
45Auto
(Big holes are (almost) always better.)
To: DManA
To: Pubbie
Taxes too low?!! Yeah, that'll sure get you elected. </sarcasm>
To: NormsRevenge
Haven't heard of it, but thanks for the link.
98
posted on
08/15/2003 11:47:42 AM PDT
by
My2Cents
("I'm the party pooper..." -- Arnold in "Kindergarten Cop.")
To: 45Auto
Standing on chair applauding!
You are absolutely correct - this recall has to do with too much spending, too many taxes and too many entitlements given to illegals - a harsh but true reality.
A referendum on taxes is exactly what this recall is about.
To: Pubbie
This is an outrage - I just had our property taxes kicked up again in recent weeks and it ran approx. $80 per month additional $$$; if I hadn't just refinanced when the rates hit bottom and saved myself an extra $137 or so in interest payment, I'd have been even more furious! Buffett is such a slime - I can't wait to see if he actually pays the IRS extra $$$ next year in lieu of principle for not accepting the tax cuts he fought so hard against.
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