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The proposed constitutional amendment to tax investment property offers the same deceptive argument for legalizing gambling in Hawaii: A windfall of revenue will benefit public services.
However, wouldn’t any new revenue simply be absorbed into the regular budget, allowing the government to reallocate existing funds to, oh, maybe fill in the rail budget shortfall?
This is just an extra tax, with likely no net benefit to Hawaii citizens. Technically, aren’t all homes “investment property”?
Don’t fall for it. Vote no.
Sean Goodspeed
Ala Moana
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