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Articles Tagged: "Proposition 88"

Proposition 88

Stunning Taxpayer Victories Tempered By Debt Doubts

In politics, sometimes you eat the bear and sometimes the bear eats you. Just ask the national Republican Party.

However, there is no doubt that California taxpayers "ate bear" last week by scoring some great electoral victories. First, the four statewide tax increase measures on the statewide ballot were soundly defeated. Propositions 86, 87, 88 and 89 would all have increased taxes on somebody and would have resulted in additional costs to everyone.  Read more >>

Prop. 88 Puts Prop. 13 in Jeopardy

Homeowners are easy targets. Typically, we commit most of our working lives to pay for a home. For many, it is our greatest financial asset, our security, as well as that place on earth where we feel most at ease. We will go to almost any lengths to protect and preserve our family homes.

This is why, for those who are constantly searching for more government revenue, homeowners and others who pay property taxes were juicy targets -- until the passage of Proposition 13, that is.  Read more >>

Tax Schizophrenia on the Ballot

Taxes have become the featured player this election season. Most of the tax talk revolves around Governor Schwarzenegger's hardcore no new taxes pledge -- a position that appears warmly embraced by the California electorate if polls are any indication. But many of the ballot propositions also propose new taxes or affect existing ones, including Props 1A, 86, 87, 88 and 89.  Read more >>

Widely Diverse Coalition Opposes Proposition 88

If David and Goliath were alive today, they would likely take time out from their battle to cast a ballot against Proposition 88. So, too, would the feuding Hatfields and McCoys. Such is the diversity and unanimity of opposition to this ill-conceived tax increase.  Read more >>

What's Theirs Is Theirs and So Is What's Yours

One of the quirky qualities of government bureaucrats is that they regard all money as fungible. They have no qualms about raising taxes for a purpose that is attractive to voters and then spending the additional funds on something else.  Read more >>

Voters Might 'No' It All

There are 13 measures on the statewide ballot this fall in California. Those advocating a "yes" vote on any of them have an uphill battle.

And if you think it is too early to be talking about the next election, well, that proves the point. We just had the June primary and that was the fifth statewide election since 2002. Part of the issue, of course, is voter fatigue. But there is something deeper going on.  Read more >>

Buffett Decides Government Is A Bad Investment

The world's second richest man, Warren Buffett, is in the news again. This time for donating a huge chunk of his fortune to the Bill and Melinda Gates Foundation, whose founders are the only people who, until the creation of their foundation, outranked Buffett in wealth.

Commonly referred to as "The Oracle of Omaha" for his stock-picking sagacity, Buffett's every move is closely followed by the investment community. But the last time he made news this big it was for suggesting that California taxpayers should donate more to government.  Read more >>

Help Fight the New State Tax on Your Home!

Please join the statewide coalition!  Read more >>

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