Posted on 05/28/2003 10:41:14 PM PDT by winner3000
Edited on 04/22/2004 12:36:24 AM PDT by Jim Robinson. [history]
June 6 will mark the 25th anniversary of California's Proposition 13 (search), the landmark victory of the 1970s tax revolt. Proposition 13 enjoyed immediate success, slashing property taxes and imposing some much-needed discipline on state and local spending.
Twenty-five years later, however, California's fiscal situation has changed dramatically. State expenditures have soared and the Legislature is considering large tax increases to compensate for California's $35 billion shortfall. Indeed, California's changing fiscal fortunes provide valuable insights for those seeking to limit government in California and elsewhere.
(Excerpt) Read more at foxnews.com ...
"Expenditure rises to meet income...and tends to exceed it." -- C. Northcote Parkinson.
As a general rule, the only lasting limits on government are those which bind its finances. Constitutions have less limiting effect than being drained of revenue; they're too susceptible to being "interpreted" out of existence, or simply ignored.
Support every tax-reduction measure, whether the affected government is screaming for money or not. Until we get government back down to an agency for protecting the public peace, prosecuting criminals, and operating the military, no other course makes sense.
Freedom, Wealth, and Peace,
Francis W. Porretto
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