Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Big hazard for Jerry Brown's new tax plan
Sacramento Bee ^ | 3/16/12 | Dan Walters

Posted on 03/16/2012 7:43:45 AM PDT by SmithL

During a stream-of-consciousness speech to a gathering of police chiefs this week, Jerry Brown noted that during his first governorship, personal income taxes generated about a third of the state's revenue, but since have become a dominant source.

The result, he continued, was "more volatility" in the state's revenue, which resulted in "a more or less constant state" of deficits.

That's absolutely correct.

When income taxes spike upward, politicians and voters squander windfalls on difficult-to-lower spending, and when they plummet – as they always eventually do – the state is then left with multibillion-dollar gaps.

Brown told the top cops that he's trying to "deleverage" by bringing state income and outgo into closer balance, citing the meltdown in Greece as an example of what happens when the two sides of the fiscal equation cleave apart.

A worthy goal.

Why, then, would Brown embrace a fiscal plan that would make the state's revenue even more volatile by making them even more dependent on how well a handful of high-income Californians are doing in stocks and other speculative investments, while locking additional billions of dollars of spending into the state constitution?

The answer: political expediency.

(Excerpt) Read more at sacbee.com ...


TOPICS: Editorial; Government; Politics/Elections; US: California
KEYWORDS: classwarfare; goldenstate; moonbeam; taxandspend
Navigation: use the links below to view more comments.
first previous 1-2021-22 last
To: SoCal Pubbie

“So, what are you having for dinner”?
Fresh caught mahi mahi.
Hey south cal fool,
Good luck when that big one hits and you B on your own.


21 posted on 03/26/2012 2:14:54 PM PDT by Joe Boucher ((FUBO) Hey Mitt, F-you too pal)
[ Post Reply | Private Reply | To 19 | View Replies]

To: vette6387

Hello Vette whatever,
I lived in south Calif for 17 years and left when the L.A. County sheriff started having food control riot training.
So how did I jerk your chain to get you to respond?
I didn’t say anything bad other than saying that if you think it bad there now, wath til 17 million or so have NO services and if you do not think that will someday happen then u b dreaming.


22 posted on 03/26/2012 2:19:44 PM PDT by Joe Boucher ((FUBO) Hey Mitt, F-you too pal)
[ Post Reply | Private Reply | To 20 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-22 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson