Georgia is considering a TaBoR

Colorado passed a TaBor (Taxpayer Bill of Rights) while I was living there, and it’s gradually constricted the ability of the government to pay for what was needed. Georgia is considering one, calling it the Taxpayer Protection Act. It has the same flaws.

The hidden flaw is that it’s a one-way ratchet. The government cannot spend more than the previous year, adjusted for increases in population and inflation. However, it can spend LESS if, for example, there’s a recession or some other cause of a shortfall. And should that recession occur, well, that’s the new baseline.

After a decade, Colorado was spending less on everything to include roads and schools, and it showed.

It’s a terrible idea, but since nobody likes taxes it’s likely to pass — and Georgia will pay the price over the subsequent decade as well.

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