Monday, June 01, 2009
Show Me the Money!
In California we have come up over $24 billion dollars short for our upcoming budget year. There's a number of facts that would help me know where to make up the shortfall. Most of all, I'd like to see a list of Californians by income levels in one column and what they paid in taxes in the other column.
If there's a half million Californians making $2 million dollars or more and paying less than one million in taxes, then I know where I'd recommend we make up the entire shortfall. ($100K per person)
If there's 2 million Californians making over $200K and paying less than $50,000, then I know where I'd make up 20 billion dollars by charging each an additional $10K in taxes.
It makes no sense to have a huge gap between rich and poor if we aren't taking care of so many in our society – let alone closing the state parks.
If there's no such unreasonable gap......if everyone is already shouldering the collective load to a fair extent, then I'm as ready as any Republican to get out my red marker. I'd just like to see this financial information about personal wealth and what portion people have put in for the common good.
Doesn't that seem like one of the first things newspapers should put into their coverage of this budget crisis?