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The root of all problems is the tax system in california. It bleeds out foreigners and renters to pay high incomes to retirees that dont pay income taxes or pr
by conanbatt 7y ago
The root of all problems is the tax system in california.
It bleeds out foreigners and renters to pay high incomes to retirees that dont pay income taxes or property taxes.
Everyone is absolutely wrong focusing on housing: it is a symptom, not the disease.
If san francisco eliminated the regressive sales tax and put it on say, garbage collection, it would shift away 2 billion dollars from all workers, including low income to the very enriched landlord class. Iterate that on business taxes, which are about 25% more of its budget if i remember, and then businesses will grow and wages will go up: and landlords holding the bags will be the first to change zoning codes on the plummeting value of their properties.