Re:Why Haven't Voters Been Buying the Case for Increasing Ho...
by burlesona on Sunday March 24, 2019 @01:57AM
(#19474680)
Structurally WA has many of the same benefits. It’s not a perfect comparison though because Seattle is struggling with fierce nimbys against a tech boom, and also tax rates are around 1% like in CA.
Note that Austin has some of the same issues with housing prices surging due to nimbys. The biggest difference is that outside the city proper there’s a lot of land and a lot of suburbs that are thrilled to have Austin aggressively push the growth “out,” and also it was a much smaller city to begin with so this is the first ring of suburbs we’re taking about, not a second or third ring as you’ll find in bigger cities.
My main argument is just that property tax is a more effective wealth tax and lends itself towards a more progressive overall tax system.
Note that Austin has some of the same issues with housing prices surging due to nimbys. The biggest difference is that outside the city proper there’s a lot of land and a lot of suburbs that are thrilled to have Austin aggressively push the growth “out,” and also it was a much smaller city to begin with so this is the first ring of suburbs we’re taking about, not a second or third ring as you’ll find in bigger cities.
My main argument is just that property tax is a more effective wealth tax and lends itself towards a more progressive overall tax system.