60 Minutes coined the phrase last night for the children of today. Today’s children will be the largest American generation to be raised in hard times since the Great Depression.
That’s some serious characterization of how hard life has gotten for so many…so what the f-bomb do the Yay-on-A folks think is going to happen to our city under their exorbitant tax?!
I’ll tell you: people won’t be able to afford this additional increase. There will be more Free Lunch kids. The housing market will stall even further as housing sales fall, rents increase, and renters find cheaper cities to live in. Independent businesses will be hard pressed to survive as their costs of doing business becomes impossible; many will fail, other’s won’t even bother opening up shop in Alameda. Think: EMPTY storefronts, houses, apartments.
Measure A is one messed up proposal. It intends to be both:
A. as socially-progressive (leftwing) as Berkeley and
B. as conservative (rightwing) as Texas
1. having the highest school parcel tax in the SF Bay Area (relative to Median Family Income) and
2. placing that exorbitant tax burden squarely on the middle and lower classes.
At a time when the middle and lower classes and small businesses can ill afford any additional increases. The following extremely challenging conditions we are ones we are faced with now and this fall. They are not optional (while Measure A is 100% optional [vote NO]):
-Cost of Gas: 25+ increase
-Cost of Food: 10% increase
-Health insurance premiums are rising 20% or more (over 40% for some)
-Unemployment is at 9 percent, job creation is S-L-O-W
-Estimated poverty rate for children in this country: 25%.
-Consumer Wages, Spending and Core Index – everyone in the US is pulling back on discretionary spending (non-essential spending)
-The Pending Homes Sales index dropped = a stalled housing market in the spring (real estate’s best season)
-1 million new foreclosures expected in the US this fall on top of the millions we’ve already seen
**FACTS** (remember those?) … Continue reading