
The decision of whether to vote Yes or No on the tax reform measure, Amendment One serves as an interesting character test-
Whether 'tis nobler in the mind to suffer the slings and arrows of outrageously hasty tax reform or to take arms against those trying to claim victory for the price of $240 per homesteaded household?
A rough calculation tells me that Amendment One will reward me with a tax savings in the neighborhood of 8 %. Sorry, Charlie, but that makes me inclined to vote no on a small savings now in hopes of a "rock-dropping" reduction later. I also think local government is taking a fairly large hit in exchange for my modest savings.
Perversely, Amendment One bestows the greatest savings on those who are already enjoying the greatest savings. There are plenty of Bay Area homeowners with taxable property values less than $100,000. An additional $25,000 homestead exemption makes their tax bill go from cheap to way cheaper. And the portability feature of the proposed law means those homeowners could enjoy discounted taxes in perpetuity.
So the question on Tuesday becomes this: Do you vote in your own self interest or do you do what you think is best for the future of the state? If those two things are one and the same... have a nice day.