Hold on to Your Wallets Or Leave the State: Taxes Are Going UP

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By Stephen Frank,  California Political News and Views

This is gut check time for young families, small businesses and the California middle class.  You have a big decision to make, quickly.  Even with a State budget surplus, prior to the expected Spring, 2019 California recession, taxes are going up and plans for 2020 is to demolish the value of commercial and industrial property by a massive property tax increase on these properties—the ballot measure to approve this increase has already qualified for the November, 2020 ballot.

“About three-quarters of those tax increases were approved, including 90 percent of the 168 placed on the ballot in California cities. They are facing sharp increases in mandatory payments for city employee pensions – although that factor was rarely mentioned in the pre-election campaigning.

Instead, most local government tax campaigns stressed improvements in popular police, fire and park services. However, most of the proposals were deemed as general taxes, which allows them to be approved by simple majority votes and also allows them to be used for any purposes, not merely those cited by proponents.

This is not a murder—the people of California have decided to commit a mass suicide.  Higher taxes, mean higher cost of living.  The taxes are not going to make life better, they are being spent to keep CalPERS open and issuing checks.  At this point it is almost a Ponzi scheme.  Oh, don’t forget gas taxes go up again in 2019 and in 2020 they go up by about 72 cents a gallon.  Time to leave or to fight?

Related article: Election boosts advocates of higher taxes

Stephen Frank: Is the the publisher and editor of the California Political News and Views.  Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/

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