Gov. Jerry Brown and his union allies are asking California voters to raise sales taxes and income taxes on the rich, while Los Angeles attorney Molly Munger is pushing an alternative proposal for a broader increase in the income tax. The measures are part of an ongoing public debate that raises fundamental questions about the state's fiscal policies. Does the state government need more money? If so, who should pay? Should the rich pay more? Should corporate taxes be increased? Should the sales tax be broadened to include services? Does the current system need a drastic overhaul such as a value-added tax? Or will higher taxes stunt economic growth and mean less revenue in the long run? Are California's taxes already too high? Are taxes chasing away businesses and jobs? Will either one of the current proposals solve the state's fiscal problems, or is some other reform needed? We discuss the future of California's collective pocketbook.

Computer Science 61A, 001 - Fall 2014 The Structure and Interpretation of Computer Programs - John S. Denero Creative Commons 3.0: Attribution-NonCommercial-NoDerivs