Tuesday, March 20, 2012

Another example of California holding the middle class hostage

"Another 20,000 to 25,000 qualified students could be barred from attending CSU in the 2013-14 academic year if voters reject a proposed tax [increase] measure that hasn't yet qualified for the November ballot."

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/19/BAPL1NN1KR.DTL#ixzz1pciyGrH1

"CSU officials said they don't yet know how much they'll save by canceling spring admissions but say it will be significant because the tuition each student pays is less than the cost to educate them. The exceptions are out-of-state students, who are not subsidized by the state and pay the full cost of their education...."

"The tax proposal most likely to qualify for the ballot is a combination of what had been called the Millionaires Tax, backed by labor unions and students, and a competing plan by Brown.
The collaboration would raise sales tax by a quarter cent, expiring after four years. Personal income tax would rise for people earning at least $250,000, depending on whether they are single or a couple. The more they earn, the more they would pay, up to a 3 percentage-point increase, all expiring after seven years."

Riiiight. Lawmakers rarely let tax increases expire.  They get hooked on the extra dough.  But exodus of mid-to-upper-middle class earners - the folks with the job skills and money to leave and big state tax bills that leave us scratching our heads every April, wondering where all that money went - has California's legislature jonesing for a cash fix.  Warning to the folks who stay - when the rest of the middle class is gone, YOU will be "the rich" you keep voting to tax.  Not because you're rich (and neither are most of the folks who get ensnared in these tax increases), but because you're there.

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