The Legislature did it. The Republican-majority body approved the tax hikes for the Republican governor to give more money to the public school system and give across-the-board raises of 3 percent to state public employees.
When you couple the $1.3 billion per biennium general fund spending the with school bond rollover approaching $4 billion over the next decade that taps every household budget in Nevada for more than $1,000 a year to give to government instead of pay the rent. And that assumes no more tax hikes in the next 10 years — a most unlikely assumption. This means the percent of state GDP going to government will increase and money available for business-growing investment will decrease.
Pay no attention to the fact the average private sector Nevada worker, according the state Department of Employment, Training and Rehabilitation, had an increase in pay from 2013 to 2014 of only $11 — from $826 to $837 — while the average state employee had an increase of $15 — from $919 to $934.
Of course, 10 years from now we will be able to look back and determine finally that all the additional education funding did nothing whatever to improve education, any more the increases over the past decade have. What do they call doing the same thing over and over again and expecting a different outcome?
And you thought your vote counted?
The taxes will raise not nearly what is projected and the money will already be spent, so be ready for the upward spiral to continue — or downward spiral in terms of disposable income for private sector workers and retirees on fixed incomes. Businesses don’t pay taxes. Households do. This is pure redistributionism.