I think the point of the article is correct; the issue with CA is everyone wants to live there, including rich people. If we try and tax them then they'll leave just long enough to not pay state income tax, if we tax property values then the state actually gets the tax and doesn't miss out on job creation or future revenue.
Red states have implemented low income tax with heavy property taxes (think Texas) with great results. and although I'm sure California would just manage to mess it up it's a great idea.
I would not frame Texas as having great results. If anything places should get as little like Texas as they possibly can. I mean they send you to jail for an abortion or a gram of weed. It's living under Shari-yall law.
Not better for me. But I believe it fairer. Yes, I have no income tax. Yes, I pay a lot in property tax. But it is a better capture of wealth. I shouldn't have my property tax locked to a low value from decades ago while squatting on a large asset
guywithahat · · focus · HN ↗
Red states have implemented low income tax with heavy property taxes (think Texas) with great results. and although I'm sure California would just manage to mess it up it's a great idea.
asdff · · focus · HN ↗
jostmey · · focus · HN ↗
I live in Texas. I don't like the restrictive laws. Texas could learn a lot for California, just not in the areas of taxation
mcmcmc · · focus · HN ↗
jostmey · · focus · HN ↗