by Patrick ➕follow (55) 💰tip ignore
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ALL of the Democratic candidates for governor oppose SB 827. That is why I am writing in Scott Wieners name. Affordable housing is THE issue in California.
That is what I ague affirmative action, hiring and admission quotas are: entitlements of wealthy and [politically powerful members of 'minority' groups.
going to naturally be opposed to removing this subsidy
I blame prop 13. Anyone that ones their home (or has a mortgage - technically owns), is going to naturally be opposed to removing this subsidy to people that already own, in opposition to those that don't yet own.
Note that corporations do not necessarily ever die, so they get to evade property tax forever and that loss of government revenue gets made up by California's especially high income tax and sales tax. This is just the opposite of economic efficiency. We want to encourage work and commerce, and discourage non-productive squatting and rent-seeking
Patrick saysNote that corporations do not necessarily ever die, so they get to evade property tax forever and that loss of government revenue gets made up by California's especially high income tax and sales tax. This is just the opposite of economic efficiency. We want to encourage work and commerce, and discourage non-productive squatting and rent-seeking
Very good point. Actually it might be a good idea to link repeal of prop 13 with a reduction is income and sales taxes.
Then there is the IL model where some towns now pay 5% a year in property taxes-yup 5% and no cap.
Then there is the IL model where some towns now pay 5% a year in property taxes-yup 5% and no cap.
Why do we allow city and county governments in the Bay Area to spend millions of dollars to attract even more industry and jobs here. Our unemployment rate is at a record low. We don’t have a shortage of jobs, we have a shortage of housing for people who have jobs here. Shouldn’t this money be used to relieve the housing shortage instead of aggravating it.
We want to encourage work and commerce, and discourage non-productive squatting and rent-seeking.
Might be worth it if we could get big enough reductions in income tax and sales tax
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