I appreciate that you are trying to brainstorm a soulution, but
hmmmm, a 5% tax increase each year? I did the math for the fourteen
years I have lived in my house, and based on a 5% tax increase
compunded annually, that would be a 53% increase! I can't see that
as a sound or realistic solution. It would be far too burdensome
for the working tax payers who do not see annual salary increases.
I certainly have not received an annual 5% salary increase each
year. In fact, it has been a couple of years since I have seen ANY
raise. When I did receive a raise, I think that it was around 3%
and that was around two or three years ago, which did not account
for the increases to insurance costs.

On 6/28/09, my solution wrote:
> over taxing Californians will not solve the problem, as with up to
> 14% unemployment and those working often facing paycheck cuts, we
> cannot afford more.
>
> I fully understand that repealing prop 13 would/will have
> ludicrous (sp?) issues, as yes some people's cheap homes went
> expensive. Maybe you should pay the property tax for what you
> bought it as.....or, well unfortunately I had to move (family and
> job issues) during the "boom" and bought a $400,000 house,
> regularly worth $250,000. So maybe a mix of the two.... pay taxes
> based on what you paid for it, plus a 5% increase yearly to
> account for inflation.
>
> It just seems CA tries to squeeze water from a dry sponge, or
> blood form a turnip.

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