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Yeah, but I feel like any removal or reduction of prop 13 should be used to help reduce California income taxes, which is abnormally high due to prop 13, not sp

Yeah, but I feel like any removal or reduction of prop 13 should be used to help reduce California income taxes, which is abnormally high due to prop 13, not spend more money on stuff.

danans 7y ago
This repeal effort is specifically motivated by the desire to increase education funding, not to reduce income taxes. It may also have the Georgist side effect of pushing more expensive commercial property into productive uses vs idling as financial instruments. I'm not saying you have to agree with that cause, but if lowering state income taxes is your goal, then there are plenty of groups in CA advocating for that whose cause you can join. However, I'd guess that due to political realities, most of them also oppose repeal of proposition 13 also, so you might have some challenges building a movement around that.
- bcrosby95 7y ago
  My goal is for California to have a more stable revenue story so the state doesn't enter crisis mode every 10 years. California revenue is volatile because of the heavy reliance on income taxes, which are volatile due to the stock market. Property taxes are a much more stable source of revenue to rely upon. Backing out prop 13 to fund certain ventures is just going to create even more problems down the road. Revenue will still be volatile. Then in the next downturn education will get screwed again, like what happened in the last recession. And you won't have prop 13 to back out anymore. It will be permanently fucked. Maybe the state will bump income taxes even more to fund things. So more volatile revenue for the state to rely on. More fun times ahead!
  - danans 7y ago
    > California revenue is volatile because of the heavy reliance on income taxes, which are volatile due to the stock market. Property taxes are a much more stable source of revenue to rely upon. If that's true, and more of the education budget is funded from property taxes, then how can the following be true: > Backing out prop 13 to fund certain ventures is just going to create even more problems down the road. Revenue will still be volatile. Then in the next downturn education will get screwed again, like what happened in the last recession. A recession will hit everything, but if property tax revenues are earmarked for education, its funding should be less volatile than more income tax dependent programs.

Yeah, but I feel like any removal or reduction of prop 13 should be used to help reduce California income taxes, which is abnormally high due to prop 13, not spend more money on stuff.

danans 7y ago

This repeal effort is specifically motivated by the desire to increase education funding, not to reduce income taxes. It may also have the Georgist side effect of pushing more expensive commercial property into productive uses vs idling as financial instruments. I'm not saying you have to agree with that cause, but if lowering state income taxes is your goal, then there are plenty of groups in CA advocating for that whose cause you can join. However, I'd guess that due to political realities, most of them also oppose repeal of proposition 13 also, so you might have some challenges building a movement around that.

bcrosby95 7y ago
My goal is for California to have a more stable revenue story so the state doesn't enter crisis mode every 10 years. California revenue is volatile because of the heavy reliance on income taxes, which are volatile due to the stock market. Property taxes are a much more stable source of revenue to rely upon. Backing out prop 13 to fund certain ventures is just going to create even more problems down the road. Revenue will still be volatile. Then in the next downturn education will get screwed again, like what happened in the last recession. And you won't have prop 13 to back out anymore. It will be permanently fucked. Maybe the state will bump income taxes even more to fund things. So more volatile revenue for the state to rely on. More fun times ahead!
- danans 7y ago
  > California revenue is volatile because of the heavy reliance on income taxes, which are volatile due to the stock market. Property taxes are a much more stable source of revenue to rely upon. If that's true, and more of the education budget is funded from property taxes, then how can the following be true: > Backing out prop 13 to fund certain ventures is just going to create even more problems down the road. Revenue will still be volatile. Then in the next downturn education will get screwed again, like what happened in the last recession. A recession will hit everything, but if property tax revenues are earmarked for education, its funding should be less volatile than more income tax dependent programs.