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California is chasing wealth that has feet

293 points · 870 comments · idbnstra

  1. MrZander · · focus · HN ↗
    I agree the proposed wealth tax is a bad idea, but raising property taxes is probably not viable. They are incredibly unfavorable to voters. No one who owns a home wants to pay rent, that's why you buy in the first place.

    Personally, this is why I am fine with higher income or sales taxes.

    1. Gigachad · · focus · HN ↗
      > No one who owns a home wants to pay rent

      They just want continually delivered services from the city funded by taking out increasing amounts of debt or selling off new land in a ponzi scheme to fund existing obligations.

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