Posted on 08/17/2011 9:16:11 PM PDT by americanophile
Aug. 17 (Bloomberg) -- Los Angeles Mayor Antonio Villaraigosa proposed dismantling California’s Proposition 13, which helped begin a nationwide anti-tax movement, in favor of a “grand bargain” that would boost levies on business property.
The Democrat who leads California’s largest city called on Governor Jerry Brown not to shrink from making sweeping changes in state tax laws that Villaraigosa, 58, said could produce as much as $36 billion a year in new revenue.
Villaraigosa urged the removal of Proposition 13’s limits on commercial-property assessments while retaining its cap for homes. The mayor said boosting tax revenue in the most-populous state would shore up the University of California system, promote budget stability and restore public-school funds.
“It’s time to address the unfairness inherent in a system that allows Wall Street hedge-fund managers to devise complex real-estate investment trusts that give the super-rich a free pass on taxes every ordinary homeowner in California has to pay,” Villaraigosa said in a speech at the Sacramento Press Club. “Let’s apply, as an idea, Proposition 13’s protections to homeowners and homeowners alone.”
(Excerpt) Read more at businessweek.com ...
He thinks he is going to get “$36 billion a year in new revenue”
Half the commerical properties are already vacant. This guy is a disaster.
lets see, if they do this every business will their rent go up whether they own the property or not. And of course when the rent goes up the business will just increase their prices and the little guy will eventually pay for this “tax increase” Dummies!
These democrats are truly insane.
As long as you can claim it’s only going to affect “corporate this,” “Wall Street that,” it’s fine. There’s often no concept of cause and effect, and certainly not in California.
By 1974 thousands of homeowners had lost their homes for taxes that were skyrocketing absurdly and the "public servants" laughed at people losing their homes.
In 1978 a popular initiative passed by a landslide 69% for a reason, the damned "public servants" and their demands were unreasonable by Soviet standards and the public rebelled.
It saved the state for a short while but behind the public's back, the government crooks simply borrowed, regulated and imposed "fees" to spend big and bankrupt the whole state instead of the just the homeowner.
“As long as you can claim it’s only going to affect “corporate this,” “Wall Street that,” it’s fine. There’s often no concept of cause and effect, and certainly not in California.”
What can you expect from a citizenry where significant numbers chose “Power Points” as the source of electricity on a multiple-choice questionnaire given during the Enron crisis.
...goodness.
That’s pretty much the sum of it.
In Washington, DC, the tax rate on residential property is 85cents per $100. It is $1.85 per $100 for commercial property. Then there is what is known as Class 3 property which is any property vacant for a month or more without a special exemption and payment of a $250 vacant property fee, which must pay $5 per $100. And if, heaven forbid, the property is vacant in bad condition, again unless you can get a special exemption, the Class 4 rate is $10 per $100.
All classes of rates except the first are in clear violation of the stated intent of Congress when DC was granted home rule, which said it was the intent of Congress that taxes be comparable to the surrounding jurisdictions. Nearby Virginia rates are in the 80 cents to $1 range. In Maryland they range from about a $1 to $1.20. Commmercial property does not have higher rates. and there is NOWHERE IN THE COUNTRY where the confiscatory $5 and $10 rates apply.
Why the business community in DC doesn’t raise holy hexx about this I will never understand.
All DC policy serves one particular majority resident interest group. Everything else is secondary, and the results are demonstrable.
These people are total idiots drunk on spending.
STOP THE DAMN SPENDING YOU MORONS!
Villar is a complete moron who can’t speak and couldn’t pass the bar no matter how many times he tried. Prop 13 overturning would kill us more than we are dead already.
Hahaha...
Unfortunately, this tax policy hurts poor black homeowners and store owners the worst. It does not serve that interest group at all.
Oh, I don’t disagree with that at all. In terms of results, the Democratic Party has been a nightmare for black Americans for decades, but they still flock to it.
FU////
You Achlan Mecha futher muckker.
You are a self serving whore and will do anything to appease “your people”.
Just remember, at some point”
Viva la Raza, por La raza Nada....
Eventually cuts both ways.... Es say...
Many travel the freeways, but if you are in sales like me you take the city streets through the cities. You see the boarded up businesses the half empty malls. Maybe once everyone moves out they’ll open it up to a free for all for all the illegals and their businesses. Good luck getting tax revenue from them.
Prop 13 was like garlic to a vampire.... in battling the Rats in Cali. They would love to put the bite on it and kill it.
'Plan worries Oak Glen'
"Visitors to Oak Glen this fall are getting a dose of environmental politics along with their cider, apple pie and fresh apples. A large billboard on Oak Glen Road where tourists enter the apple-growing enclave proclaims that Los Angeles' mayor wants to spoil the area with utility towers. "LA Mayor (Antonio) Villaraigosa proposes to condemn our farmlands and destroy 30 miles of scenic beauty with shaved peaks and 200-foot electrical towers, including this scenic vista," the billboard says. A second billboard at Los Rios Rancho carries the same message. Apple growers throughout the glen are displaying posters about the LA Department of Water and Power project, called Green Path North, with an artist's rendering of what the power lines will look like."
http://www.pe.com/columns/cassiemacduff/stories/PE_News_Local_W_cass1005.2422b57.html
He tried and failed and had to back off. My Grandfather worked those orchards and we love to visit this beautiful little town every year. Dems say they love the environment until the environment gets in their way. Hypocrites.
You [Kalifornia Kommunists] may get that $36 billion (or part of it) in ONE year, you WILL NOT GET anything anywhere near it thereafter. You will be too busy fighting the illegals and no-goods during the riots they start when your entire state political, economic and general systems go completely to pieces...it doesn't take a Nostradamus to see that. And, it doesn't take a rocket scientist to figure out that the people who might help you maintain order will be long gone from your state.
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