One way is for California to (1) close the loopholes in its tax code and (2) to require stricter oversight of all the state’s tax subsidy programs like the failed enterprise zone program to ensure that our tax dollars are spent wisely.Willie L. Pelote, Sr. is an Assistant Director of the American Federation of State, County and Municipal Employees (AFSCME), AFL-CIO.
We should also (3) repeal those tax breaks recently handed out to Comcast, Swiss pharmaceutical giant Roche, and Hollywood film studios for the ostensible purpose of creating jobs.
This is because these companies have done nothing but ship more jobs out of California and lay off more people.
According to an article by the San Francisco Chronicle’s Washington correspondent Carolyn Lochhead, closing California’s tax loopholes would result in annual budget surpluses for some time to come.
If the free market is really as ideal a mechanism for creating wealth as its supporters claim, then why must taxpayers subsidize the operations of private sector companies?
In fact, since the private sector has so far been unwilling or unable to produce the kinds of jobs we need to pull California out of recession, that is all the more reason to be vigilant with our tax dollars.
The state should also (4) stop paying private contractors more than $34 billion a year to do jobs that civil servants can perform for roughly half the cost.
A 2009 analysis by the State Compensation Insurance Fund and California Research Bureau found that it generally costs the state 50 percent more to hire private contractors than to have state employees perform the same work.
Finally, since most of our tax dollars over the past two years have been spent on unpopular bailouts of the banks and financial institutions that caused the Great Recession we are all living through, this means that the budget deficits we’ve incurred at the federal and state level were brought on by Wall Street.
California should, therefore, (5) institute a surcharge on financial service transactions like stock trades to make sure that Wall Street, not Main Street, bears the cost of cleaning up this economic mess.
Going forward, we must be steady in our commitment to maintaining a high quality of life through quality public services provided by highly skilled, educated, and experienced civil servants while repudiating austerity measures that will transform greater swaths of the Golden State into a Third World nation.
Ventura, whose eclectic jobs include Minnesota governor from 1999-2003, book author, movie actor and wrestling champ, turns 57 on July 15--coincidentally the same day as the filing deadline for the Senate seat. Living part-time in Mexico, Ventura says he hasn't yet decided what he will do.
If he does take the plunge, he would face incumbent Republican Sen. Norm Coleman and Democratic challenger Al Franken of "Saturday Night Live" fame. Ventura talked to NEWSWEEK's Hilary Shenfeld on Friday. Excerpts:
NEWSWEEK: You're thinking of mounting an independent campaign for the Senate in Minnesota. Why now?
Jesse Ventura: It's wide open, and I've watched these presidential debates, and they're avoiding subjects that I think are ultra-important.
Such as?
The deficit. Both parties are equally responsible for it. It's over $9 trillion now. A baby born today is [already] $30,000 in debt.
When did you get the itch to get back in?
When will you decide?
