mass transit (sic)

[Jordan Hayes]

> In states like California with regimes like Prop 13, the problem is
> even worse.  Economic growth with anything other than retail is
> actually a net loser for local government, since it generates more
> demands on local services without the new revenue needed to service
> it.

Except of course in large parts of California you've had soaring
property values and lots of real estate turnover, so Prop 13 doesn't
look so bad anymore.

In fact, if I wasn't thinking clearly, I'd say the California real
estate bubble might be a plot by local governments to raise tax
revenues :-)

I switched houses this year, and I am _not_ looking forward to my new
tax bill . . .

/jordan