Letter to the Editor
Editor:
Terry Thrift’s letter (Sept. 3) has valid points, but there are some facts that also need to be pondered.
First, the additional income stays local. That means Sacramento will not control the purse strings.
Secondly, the United Teachers Los Angeles is a union. It has its viewpoint, but it is not given the tax money.
Third, state income taxes may or may not be increased. Consider how hospitals and local communities are going broke trying to combat the COVID-19 virus.
Fourth, the proposition would activate in steps.
Fifth, large businesses have not paid their fair share of taxes for 40 years.
The small print in Proposition 13 allows businesses to buy properties without an increase in property taxes if there are three or more owners with none of them owning over 50 percent of the property.
Yes, the proposition is not perfect. But, it makes things better than they are now.
The Sept. 20 Los Angeles Times has a decent article spelling out many pros and cons on page A17.
W.H Smith Mutual 15