Looking at the dismal results of the California General Election of Tuesday, November 7 2006 greatly irritates me. On almost all of the propositions, I disagreed with the results (Results for 85 and 90 are the only ones I agreed with). Some of the more notable ones I will discuss.
Proposition 1A: Restricting transportation funds
Restricting funds is never a good idea, especially when a single emergency will render the budget helpless — in such cases, transportation funds should be siphoned temporarily to solve the emergency and later returned with interest.
Propositions 1B-E: Bonds
These are just bad because of the amount of borrowing we have to do (the amount of money the current generation is taxing us). They borrow 37.25 billion dollars total, but with them comes a heavy interest of nearly 100%! In addition to the 37.25 billion dollars in principal funds WE (the next generation) must repay, there’s also a heavy interest of 36.1 billion that goes to nowhere but the thick pockets of investors.
Proposition 83: punishment, residence restrictions and monitoring for sexual predators
Really, this is just too much. (1) First of all, the current law is strict enough — they (sexual predators) can’t go near parks or schools. (2) Secondly, this will cost us billions a year — money we can spend elsewhere. Those billions can provide health care for 2 million impoverished kids. As gruesome as this may sound, giving 2 million kids a healthy life is more utilitarian than protecting two girls from a random rapist. (I don’t mean to sound uncaring or lacking compassion, but this is just not a positive on the cost-benefit analysis chart) Or better yet, educating the kids better how to take control of their lives (and not become rapists and criminals when they grow up) would serve us even better. (3) And thirdly, it is a violation of their rights as humans. I don’t think it is fair that they will be tracked by GPS for the rest of their lives, for example.
Proposition 84: Water quality, natural resource protection, BONDS
The main reason why I am against this is the use of bonds, which will borrow 5.4 billion dollars (with 5.1 billion dollars in interest alone). And from the website ( http://www.voterguide.ss.ca.gov/props/prop84/prop84.html ), there will be “reduction in local property tax revenues of several million dollars annually” and “unknown costs, potentially tens of millions of dollars per year, to state and local governments to operate or maintain properties or projects acquired or developed with these bond funds.” So as you can see my main objection is fiscal. There are ways of doing this without putting us in heavy debt.
Proposition 86: Cigarette Tax
I actually think the 13 cents increase in tax per pack is abysmally low, but even that didn’t pass. This was one of the propositions I feel most strongly about. (1) Firstly, it will bring 2.1 billion dollars annually in additional revenue. (2) Secondly, it will reduce smokers in California. And (3) Thirdly, because of the reduced number of smokers, experts predict a significant drop in health care costs for the state, so the savings + increased revenue can become very significant. This large sum of additional revenue can be used to educate the people (educated people make smarter decisions in general), cover more people in Medicaid, and advance top-level research on disease curing drugs (or something like that).
Proposition 87: Alternative Energy Funds and Tax
This is another one of the propositions I feel very strongly about. It sets the goal to reduce petroleum consumption by 25%, increase research in alternative energy and energy efficient technology, and fund education. It will gather the 4 billion dollars it needs for this project through a 1.5%-6% tax on oil pumped in California (depending on price per barrel), and prohibits the tax from being passed on to the consumer. So yes, the 70 million dollar campaign ads paid for by the oil companies lied to you: this will not lead directly to increased prices at the pump for the consumer. And even so, 1.5%-6% is very insignificant. It will help curb petroleum use, definitely, and make California the world leader in clean technology. That thing has lots of exporting capacity, if you think about it, so this is a + for the economy.
The other ones I don’t care as much about.