Greetings Economists,
On May 4, 2009, at 8:24 AM, Jim Devine wrote:
in addition, rising house prices and assiduous property assessors
(trying to raise revenue for the financially-strapped state and local
governments) led to soaring tax assessments, which squeezed a lot of
home-owners whose incomes were not rising as quickly (e.g.,
pensioners). This helped form a largely suburban base for the "tax
revolt," which was exploited to the max by demagogues such as Howard
Jarvis.
Doyle;
This is the point given to me by otherwise left leaning working class
people I know. They needed relief from higher and higher taxes on
their home. I figured that was shooting themselves in the foot, but
they wouldn't listen to that. I suspect that was the potent 'anti-
tax' argument more that keyed to a budget surplus that could be re-
distributed to frightened home owners.
Doyle
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