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.
Not even the poor. Really everyone working. I would much rather sleep all day and live off of a pile of money than to show up somewhere and do something for money. That's the tax -- 35% of your waking hours are now at the service of someone else. And yet, they charge income tax on that. Stay home and live off a stash of money in your mattress, 0% tax, 0 obligations. Wake up and commute to work, 35% of your week gone, 35% of your "income" gone.
I am not even that mad that I personally have to pay taxes. I enjoy funding government programs! I think I owe society something! But it sure doesn't make sense that already being rich makes you immune to giving back to the society that made you that way.
Which is why the majority of people in California who work for a living shouldn’t be carrying any water for billionaires or hundred millionaires, you could even extend that down to someone who’s worth 10 million, until you get to that level, you don’t realize how many people over that level have it very easy.
In comparison to the majority of the population, you know the other 99%. That’s right, you heard it right. 99% of the population does not have $10 million free and clear without debt. In other words, if you are still paying off your house you are not in that upper bracket.
the rich are an astounding amount of wealthy such that they dont show up and still make a good poor wage in the first couple hours/days of a year by their assets increasing in value
you are poor, even if you are doing plenty well for yourself
MrZander · · focus · HN ↗
Personally, this is why I am fine with higher income or sales taxes.
JKCalhoun · · focus · HN ↗
Indeed, the working poor need to pay more in taxes.
jrockway · · focus · HN ↗
I am not even that mad that I personally have to pay taxes. I enjoy funding government programs! I think I owe society something! But it sure doesn't make sense that already being rich makes you immune to giving back to the society that made you that way.
seizethecheese · · focus · HN ↗
bagacrap · · focus · HN ↗
Danox · · focus · HN ↗
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Danox · · focus · HN ↗
In comparison to the majority of the population, you know the other 99%. That’s right, you heard it right. 99% of the population does not have $10 million free and clear without debt. In other words, if you are still paying off your house you are not in that upper bracket.
8note · · focus · HN ↗
the rich are an astounding amount of wealthy such that they dont show up and still make a good poor wage in the first couple hours/days of a year by their assets increasing in value
you are poor, even if you are doing plenty well for yourself