April 29, 2013 by Ben Bullard
New York Mayor Michael Bloomberg isn’t the only liberal with statist visions of better living through legislation. Over on the left coast, California legislators are concocting a variation on Bloomberg’s famous — and failed — attempt to ban large soft drinks, only with an eye toward redistributing a little more of the wealth of the State’s 12.4 million households……Predictably, the bill also enjoys positive spin from the very State agencies in line to expand their bureaucratic offerings if the tax is approved. Harold Goldstein of the California Center for Public Health Advocacy called the tax “fair-minded” in a statement of support for the measure….. “Protect… our state budget,” really? Check out some other ways California’s leaders are currently attempting to protect the State budget:
· Imposing a 9.9 percent “oil severance tax” on oil extraction — an anti-business move against a “captive” industry in a State that has already seen other businesses flee to escape high taxes, regulations and penalties.
· Raising the registration fee for every privately owned vehicle by $6.
· Adding a State tax to every point-of-sale purchase of prepaid mobile phones, as well as to every separate purchase of additional phone minutes.
· Issuing $9 billion in municipal bonds on a $69 billion high-speed rail system that has no set start date for construction, that Governor Jerry Brown wants China to help fund and that the White House is eager to subsidize by an additional $3 billion.
Last month, the State auditor concluded California had a net worth of minus $127.2 billion. Viewed from that awful perspective, there’s no doubt the State’s political power brokers “need” the public’s money….To Read More…
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