Showing posts with label AZ proposition 100. Show all posts
Showing posts with label AZ proposition 100. Show all posts

Sunday, October 05, 2008

Arizona ballot proposition 100

Paraphrased, it's "Let's amend the state constitution to prohibit taxing the sale of real estate." Interesting. I wonder that there are not three or four hundred more propositions on the ballot, since there are many many bad-sounding laws that we can pick to prohibit people attempting to enact. How about, for example, Proposition 137, proposing an amendment to the Arizona constitution to prohibit anyone making a law requiring citizens to name their offspring "Griselda"? Or Proposition 189, proposing an amendment to the Arizona constitution to prohibit anyone making a law requiring citizens to wear blue underpants? Once we open the door to amending the constitution to prohibit the making of ill-advised laws, where does it stop?

A more important question to me is who is behind this and why? If I had lots and lots of money, and was thinking of coming to Arizona to buy large quantities of real estate, particularly in this depressed market, at a bargain basement price, I'd certainly want to make sure nobody taxed me when I turned around and sold it at an enormous profit at a future date.