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And how long has it been that Reagan is no longer the governor and why hasn't funding been restored?
by raverbashing 3y ago
And how long has it been that Reagan is no longer the governor and why hasn't funding been restored?
- yard2010 3y agoI'm afraid that's not how bureaucracy works.
- withinboredom 3y agoThen maybe it’s time to replace it with something that works.
- bandrami 3y agoCA also in that time passed a ballot initiative that made it essentially impossible to raise taxes. It's also the reason college got so expensive.
- listenallyall 3y agothey don't need to raise taxes -- California has run huge budget surpluses
- bandrami 3y agoOnly very recently. We're talking about over the past half-century
- shuckles 3y agoNo the California budget is famously boom and bust (currently running large deficits) because it relies on income taxes instead of property taxes, the former of which vary a lot with economic conditions while the latter don’t.
- pmoriarty 3y agoThey should start taxing wealth, as many of the wealthiest people have a tiny income in proportion to their wealth.
- shuckles 3y agoWealth taxes* are economically inefficient, impossible to administer, and have little popular support. Consider this: a land value tax is the best (and only good) type of wealth tax, and the people of California hated it so much they voted it out on the ballot! * Outside of LVT.
- pyrados 3y agoThis is true, however it was still a property tax (appreciation of course is due to land but the disincentive on improvements is still there), it was poorly administered (long periods between assessments) and it was during the extreme inflation of the 70's. This is definitely an issue with levying LVT at fairly low rates. Granted, at the time it was relatively high but it wasn't high enough. The 'ideal' LVT would bring down the price of land -considerably-, close to $0. The fact that land still has a large selling price means it is still largely financed with loans, and sensitive to interest rate adjustments.
- 4RealFreedom 3y agoCollege became unreasonably expensive after student loan amounts were increased by the federal government and co-singers were eliminated. It was decided that everyone should have access to higher education and it's been a mess since then.
- prepend 3y agoReagan was governor from 1967-1975. Clearly he changed this so permanently that it’s impossible for anyone to fix in 45 years. I suppose that is an impressive feat to do something that no other governors can fix. Or perhaps they don’t want to fix it since they can just blame Reagan and then pretend it’s unsolvable.