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Will Calif voters raise their own taxes?

Posted by taxguru on October 4, 2012

You can see some of Governor MoonBeam’s TV ads for Prop 30 to raise taxes on the evil rich.  It must have taken several tries, but they actually are able to keep a straight face while claiming that this new tax increase will be used only for schools and fully accountable, will be kept away from Sacramento politicians and audited with the reports posted on the web. 

Anyone who knows the history of specially designated taxes and fees knows that it doesn’t take long for that money to be commingled for everything else.  Social Security and Medicare taxes are perfect examples of how politicians routinely break their promises to use certain taxes only for certain purposes.  Revenues from this new tax will end up being spent on the rulers’ idiotic programs, such as the boondoggle corrupt high speed rail that nobody wants.


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