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> Remember: This proposal would mean millions more for social programs. Why not just skip the middleman and raise capital gains and estate taxes? Also what wou
by sedachv 9y ago
> Remember: This proposal would mean millions more for social programs.
Why not just skip the middleman and raise capital gains and estate taxes? Also what would keep the 2% landowners from paying lobbyists and politicians to lower the coastline taxes, like they have paid to lower capital gains and estate taxes?
- chroma 9y agoRemember that this is a state policy, so it's pretty easy to keep the wealth out of state and avoid the taxes. California already has the highest capital gains taxes in the US and 2nd-highest in the world, so such tax avoidance is extremely common. Coastline can't be moved or hidden, making it much harder to avoid the tax.