The Wary One

The Wary One

Share this post

The Wary One
The Wary One
When a "1 percent" tax increase is really something else
Copy link
Facebook
Email
Notes
More

When a "1 percent" tax increase is really something else

Money magic: How one penny can turn into $11 million

Bob Dunning's avatar
Bob Dunning
Aug 07, 2024
∙ Paid
26

Share this post

The Wary One
The Wary One
When a "1 percent" tax increase is really something else
Copy link
Facebook
Email
Notes
More
41
Share

I don't know about you, but every time our lawmakers make a move for my wallet, I remember that old saying, "Figures lie and liars figure."

It's not that I oppose the government levying taxes. I mean, someone has to pay the bills. California has the highest tax rate on a gallon of gas in the country, but every time my family and I head out for a Sunday ride in the country, I'm happy with the quality of the roads we're driving on. It's a fair trade in my mind.

The Wary One is a reader-supported publication. To receive new posts and support my work, please consider becoming a paid subscriber.

Which is not to say our tax dollars are always spent wisely or efficiently or on things that advance the common good.

My beloved hometown of Davis, the City of All Things Right and Relevant, recently placed a measure on the November ballot that will increase the sales tax on goods sold in town from 8.25 percent to 9.25 percent, a hefty increase that will nevertheless likely pass in a town where half the residents have a PhD and the other half think they should.

A simple majority (50 percent plus one) will do the trick.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Bob Dunning
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More