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.
Sales Taxes are the worst ones. Burden on seller, burden on buyer, regressive. Income is more fair but easy to mask-out for the wealthy. Property is meh, Wealth tax is the best one. Assuming all were well designed.
Sales tax and the gasoline tax are use taxes. They are about as fair (democratic) as you’re gonna get because it’s based upon use most the other taxes whether they’re high or low, you can’t escape from particularly if you are the average person in the middle, and once again, if you benefit from capital gains, that is a huge life-changing benefit, which most working people don’t have. Vote yes. on proposition 40 if you are in California the less than .001 and even the 1% will easily survive.
MrZander · · focus · HN ↗
Personally, this is why I am fine with higher income or sales taxes.
edoceo · · focus · HN ↗
Danox · · focus · HN ↗