Town Square

Post a New Topic

Opposition to preschool initiative

Original post made by Heidi Stein, Barron Park, on Jun 4, 2006

Prop 82, the preschool initiative has, according to the polls, seen a decline in support. I am glad to see this. This may seem like a surprising position coming from a former preschool teacher. While there are many elements of this proposition I would like to see enacted, I am opposed to the all or nothing nature of the initiative process.

Comments (2)

 +   Like this comment
Posted by David Cohen
a resident of Midtown
on Jun 4, 2006 at 7:38 pm

I have to agree. I don't think I've seen anyone come out against the overall goals of this initiative, but I don't like the way it's done, and most of the arguments for it concern arguments for pre-school generally, rather than justifying this particular mechanism. I hope the legislature will pursue the matter further to expand access to pre-school and improve pre-school qualities through other means.


 +   Like this comment
Posted by j q public
a resident of Fairmeadow
on Jun 5, 2006 at 2:15 pm

I have to admit that I'm suprised about the relative lack of mention of the "something for nothing" mentality associated with this proposition.

Proponents seem to be arguing that an additional 1.7% tax on the wealthy will go unnoticed, but this increase combined with last years proposition 63 placing an additional 1% tax on those making over a million means that in two short years, the state's top tax bracket will have risen by more than 28%. Some argue that it's not that bad since state taxes are deductible on the federal return, but the majority of the individuals in this bracket are subject to the alternative minimum tax and will thus be ineligible for a deduction.

Now here's the kicker: even without this increase, California's top marginal bracket is already the absolute highest bracket in the entire country. There are at least 7 states in the country that have ZERO state tax, and California is directly adjacent to one of them.

Is it not possible that at some point the wealthy will consider that they can save millions of dollars per yer by domiciling themselves in N. Lake Tahoe, or in Jupiter Island, FL, where they will not be subject to the vagaries of a state income tax as have an Ebay founder and Netscape's founder?

Is it perhaps possible that even the affluent but not super rich might adjust their capital gains strategy a bit and at least save themselves the extra 2.7% tax by simply selling their accumulated capital gains positions over a number of years rather than all at once? If this happens, overall state taxes will declince quite significantly since the base tax amount will be defered these extra years also.

Oh well, screw the rich, after all who needs them.... At least house prices will decline when they leave. And labor costs will decline when they aren't around to drive economic demand up. Hmmm, so many upsides that I barely considered....


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Sneak peek: Bradley's Fine Diner in Menlo Park
By Elena Kadvany | 5 comments | 3,394 views

Marriage Underachievers
By Chandrama Anderson | 0 comments | 1,673 views

Politics: Empty appeals to "innovation"
By Douglas Moran | 13 comments | 1,612 views

Best High Dives to Watch the Game
By Laura Stec | 5 comments | 1,280 views

It's Dog-O-Ween this Saturday!
By Cathy Kirkman | 2 comments | 843 views