1) NO on nearly every new spending or bond measure.
If CA can't afford something, its ability to issue debt or raise taxes should be reduced.
2) Lower business, sales, income and property taxes
Lower business and income taxes will attract companies and high income earners to Los Angeles, the resulting increase in spending and jobs will especially help the poor and unemployed.
A lower sales tax will disproportionately benefit the poor, who spend greater portions of their income on transportation and food.
A lower property tax would significantly lower the costs of renting a home or apt. which would disproportionately benefit lower income earners and at the same time properties values would increase!
3) Balance the City budget by cutting City services
Services such as trash collection, animal services, the zoo, convention center, public transportation, public education and fire protection are all tax funded monopolies – as such they are inherently inefficient and slow to innovate.
When the City stops providing these services, the services that have real demand, will come back – they will be contracted by individuals who desire the service and private companies. When the services are opened up to competition, the free market will dramatically lower costs and improve services.
Compare a Fedex store to the post office, a private school to a public school, service at mcdonalds to the DMV or traffic on private toll roads to public roads.
*** NOTE *** Reaganomics lowered taxes for the rich and used debt to cover the budget deficit. Ideas Move Society is advocating something very different! We want lower taxes for all income earners and we want to cut government spending to balance the budget, rather than using debt or money printing
Saturday, January 24, 2009
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