Re:Why Haven't Voters Been Buying the Case for Increasing Ho...
by Latteland on Sunday March 24, 2019 @02:40AM
(#19474817)
Tax income instead of wealth so much, then you don't need such high property taxes.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho...
by Ericson2314 on Sunday March 24, 2019 @03:11AM
(#19474906)
No. That's still regressive.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho...
by pmiller2 on Sunday March 24, 2019 @04:07AM
(#19475080)
You have to try hard to make a regressive income tax. And, by “try hard,” I mean literally impose higher rates on lower income earners. That would never fly politically anywhere.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho...
by Nuzzerino on Sunday March 24, 2019 @06:50AM
(#19475595)
Isn't that what has effectively happened given the massive cost of living increases in CA? 100-150k income only affords a middle class lifestyle in many areas, yet the tax brackets did not necessarily keep up with the times. If costs of living had instead gone down, you can bet that the state would have at least tried to make adjustments in their favor if they could get away with it (likely so given the long history of tax increases).
This seems like a better way to address the problem without creating the havoc that prop 13 has in the CA housing market.