The Insanity Will Never End, Until We At Least Begin to Think About It
6. [House Speaker Gordon Fox], in the first time that I heard him mention it, raised the possibility of using the state income tax to reduce the high burden of property taxes. He didn’t offer further specifics. The comment came in response to a question from a resident troubled by high property taxes on the East Side.Think through how this would work. Speaker Fox is suggesting that a statewide tax increase (or perhaps a service cut HAHAHAHAHAHA) can be used to subsidize the property taxes of East Side residents. There’s is no fiscal way that this works out unless 1) the General Assembly rigs some kind of “property tax funding formula”, so that politically favored constituencies like East Siders receive money taken from less politically favored ones or 2) more money is taken from East Siders in state taxes than they get back in property tax subsidies (with the legislature hoping that nobody on the East Side notices).
Do Rhode Island legislators really believe that everyone can come out ahead, in a plan to shift money from Group A to Group B? More importantly, does the legislator you are planning to vote for this November believe it?