Letters to the Editor
Editor:
The purpose of this letter is to explain the real financial impact upon California’s economy if Prop. 15 passes. It is also known as the Schools and Communities First initiative. How could anyone vote against the kids? Read on.
The official website of Prop. 15 tells us that increased property taxes on industrial and commercial property will bring in 12 billion dollars in new tax revenue per year; 4.8 billion (40 percent) will accrue to the one untouchable in California, education. Let’s see what United Teachers Los Angeles (UTLA) proposes to accomplish with its share.
First, they want to eliminate all private and public charter schools. We don’t want no competition. Elimination of school police, Medicare for all, 15 additional sick days per year, a disaster stipend for working parents and suspended eviction notices and utility cut offs. But the biggie is pensions. Not pension reform, but pension funding. Heck, I’d settle for higher test scores.
Also, our governor has given strong signals that he wants to increase our income tax, which is already the highest in the nation. Next up, look forward to a California wealth tax as icing on the cake. And, if elected, Joe Biden has already promised a 7 percent increase on top earners.
Remember Econ. 101, taxes are not paid by corporations, but by customers and employees in the form of lower wages. But hey, it’s all about the kids.
Terry Thrift Mutual 7
