Bonds = Debt

As Election Day looms on the horizon, California voters are barraged with Propositions. "Let's build high-speed rail!", "Let's have standards for confining animals."

These Propositions are typically financed with Bonds. Since the government has no money, the government must borrow money. We get a lump sum today and in return for this lump sum, we pay interest going into the future. My future, your kids' future, your grandkids' future.

And frankly this is where I basically get mad. As a taxpayer, I enter the system paying interest on the decisions made by the voters before me. Accountability and Individual rights are thrown out the window since the previous generation can coerce my generation to fund their decisions.

And if I were to vote for any Proposition financed by a bond... a.k.a. debt... then I'd be coercing future generations to finance my decisions.

On principles of individual liberty, I reject all bond-measures. If I wanted something so badly, I'd have just started a business to fund it. And if it's something within the jurisdiction of the State government, I'd rather pay for it with increased taxes today.

Voting YES on bond-measures is an inter-generation transfer of wealth that should be abolished.