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The income-tax repeal question
By adamg on Mon, 01/14/2008 - 8:36am
Chris Lovett gives it good odds of passage in part because this year has some parallels to 1980, when Prop. 2 1/2 was passed: An economic slowdown, a presidential election and, in Boston, a seeming mayor for life.
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Comments
Income tax repeal
No way to comment over there...
First off, the council problem is that they ceded power to the mayor on the school superintendent and school committee, as well as all aspects of development, such as the BRA and the ZBA (which could be the most corrupt agency in the city).
Second, his history is better than he thinks. In 1980 people were getting bumped into higher brackets simply by inflation. The state was raking in the money but not providing better services with it. The government was telling you you were better off making so much more money. In fact the value of your money was eroding dramatically and visibly.
Back then, prices were on their way to a 2000% rise over ten years. Our situation today is similar in direction if not in degree. Right now we are looking at a 100% rise since 2000. The rise in home prices is part of inflation.
Personally I cannot see people getting rid of the income tax when all it would mean is a huge jump in property and sales taxes.