Wednesday, August 8, 2012

California’s business environment is sick. Curing it will take strong medicine – not just treating symptoms but curing the originating disease.

Symptoms and Diseases – Real Reform Needed in Sacramento - John Cox/Fox&Hounds

We read constantly the stories – businesses moving out, cities failing, schools threatened with closure, state universities raising tuition and cutting scholarships. Huge deficit spending, out of control pensions, entrenched bureaucracies and red tape – these are all other symptoms of government gone wrong in the Golden State.

The Governor’s answer? Raise taxes. On ‘millionaires’ but also on consumers in the form of increases in sales taxes.

...Raising taxes when the legislature has overspent and wasted vast sums (and continues to spend and waste) is like throwing gasoline on a fire or giving more germs to a sick person. It just doesn’t make sense.

Saying no on Prop. 30 certainly treats the symptom. Other reforms, such as Prop. 32 (limiting special interest money from both corporations and unions) treat part of the disease and are a major step in the right direction.

In future election cycles, we will see other reforms that will make money much less necessary for political campaigns and treat the disease of Sacramento corruption more specifically.

In the meantime, we need to say no on Prop. 30.