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To: blam

OK, disagree on the tax revolt being harmful. CA made up for proposition 13 many times over, in other taxes. And what would Sacramento have done with the extra money, anyway that would be of lasting value.

As for nuclear power, I moved to CA in 1987 to participate in the re-start of the Ranch Seco nuclear power plant. Then, in 1989 the voters decided to shut it down, despite the fact that the plant recovered and was operating at 100% power.

So now they want electric cars without the electrons, and lavish pensions without a private sector to pay for them.

I moved to Colorado in 2008.


3 posted on 10/25/2010 3:24:22 PM PDT by cicero2k
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To: cicero2k
Prop 13 was needed because it protected people who bought their homes based on monies of that generation.

Some before 70 bought their home for 28k on an 8k a year income. Today under those 1% taxes and uo to another .35% from voted self debt through bonds that home pays about 1k in taxes.
The same home today is sold for 325k and the taxes if bought today would be about 4.5k.

Without prop 13 about a third or more people would be out of their home.
Earlier generations had smaller incomes. If you take the older person's tax of 1k on the home and compared it to the modern day salary and the 4.5k tax, the 1k is paying the same or more compared to today IMO.

5 posted on 10/25/2010 3:36:41 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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