Kevin O’Leary has an outstanding piece in Time.com on Prop 13.Â It’s worth a read.
Has Prop 13′s time come and gone?Â I get the idea that its designed to help homeowners keep property taxes in check, but is Prop 13 more like using stragulation as a means of holding your breath?
From the story:
“In Washington, the Reagan-Bush era is over. But in California, the conservative legacy lives on.
Before Prop 13, in the 1950s and ’60s, California was a liberal showcase. Governors Earl Warren and Pat Brown responded to the population growth of the postwar boom with a massive program of public infrastructure â€” the nation’s finest public college system, the freeway system and the state aqueduct that carries water from the well-watered north to the parched south. When Ronald Reagan was governor, he actually raised taxes. Then Proposition 13 shot the tires out of Pat Brown’s liberal state. Liberal legislative leaders such as Willie Brown and John Burton jury-rigged repairs and kept the damaged vehicle running for 30 years. Now Republican Arnold Schwarzenegger says there is no choice but to complete the demolition by slashing essential services.
The governor has addressed the need for shrinking the state, saying, “We have to go and make certain cuts in health care. We have to make certain cuts in education, in higher education, in all these various different programs, in prisons, law enforcement and so on.” But Anthony Wright, executive director of Health Access California, a nonprofit advocacy group, says, “These are no longer cuts. These are amputations, and the question is, Which limb are we cutting off today?”
What comtinues to be lacking is any meaningful plan by Republicans and Conservatives to right the ship of state.Â Tax cutsÂ – like the Bush tax cuts — failed to stop the financial meltodown last fall nationally, so I’m not so sure a tax cut is going to be the solution to our problems in California.Â What’s the plan?