Since 1971, the United States has been off the gold standard. Instead of the value of the dollar being defined in terms of gold, our currency is said to be backed by “The full faith and credit of the United States.”
However, listening to politicians, the new standard for backing taxpayer dollars may be coffee, or, more specifically, the latte.
Endorsing efforts to impose a parcel tax on property owners to support parks — parks that have been purposely ignored in the Los Angeles County general fund budget — Supervisor Hilda Solis trivialized the tax saying, “For Pete’s sake, what does it amount to for the average voter, a latte a month at Starbucks?” Her colleague, Sheila Kuehl, upped the ante, gleefully saying the permanent property tax increase would be like, walking into Starbucks and getting anything you want because parks are free. “I proudly support taxing and spending,” she added.
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