Warren Buffett is hinting that property taxes in California are too low! Never mind Proposition 13 in 1978 and what all that meant, but if this is the beginning of Arnold’s clarification of "policy" positions, then I will have been quickly proven to be wrong in saying that Arnold will get elected. Somebody better tell Arnold that the core of his so-called policy positions has to be to attack the political class in Sacramento and not the people’s pocketbooks: What that means in it’s essence is that he has to argue that the size of state government has to be cut back in a big way; the various bennies Davis has given to state employees has to be repealed; and taxes (especially on business) have to be lovered so that folks don’t leave the state. If he re-fights Prop 13--and thereby throws the burden of state mismangement unto the middle class--he loses. Bad omen.
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