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https://www.taxfairnessproject.org https://www.taxfairnessproject.org Arguably taxes are higher for newcomers. Yes rates are lower but purchase price is insane
by rcpt 5y ago
https://www.taxfairnessproject.org https://www.taxfairnessproject.org
Arguably taxes are higher for newcomers. Yes rates are lower but purchase price is insane. But Native Sons of the Golden West pay pennies on the dollar in property tax. Old businesses to. It's a $30B per year tax cut to successful real estate investors. That's 3x the size of the NSF and several billion more than NASA.
This is the root of all California's problems. Underfunded schools, endless sprawl, state parks closing, crumbling infrastructure and rampant housing speculation. It's all because of Prop 13.
- BuyMyBitcoins 5y ago>” This is the root of all California's problems.” No, the root of all California’s problems are Californians. …/s?
- asdff 5y agoWhat state parks are closing? What infrastructure is crumbling? The new construction on the 5 freeway is some of the most impressive work in the country and LA is currently building more rail than anywhere else in the country at once currently; la metro has been making money hand over fist since 2016 sales tax initiatives. CA also spends some of the most money per pupil in the country. Unlike other parts of the country, the sprawl has been pinned now by geography at least in LA where its infilled to the mountains, and can infill no further owing to the terrain. Construction goes vertical now in LA, there's almost no greenfield left to develop short of some holdout farm plots in San Bernardino and Riverside counties. In texas, eventually there will be unified suburban sprawl all between houston and austin and dallas-fw, probably within our lifetimes, since there is no geography to pin development.