4 ms·
Yea, let's repeal Prop 13, our state needs to collect more money. As if they high gas prices and income taxes aren't enough... let's get the taxpayers once mor
by Justin_K 4y ago
Yea, let's repeal Prop 13, our state needs to collect more money. As if they high gas prices and income taxes aren't enough... let's get the taxpayers once more, through their property. Does anybody actually think raising property taxes will make homes more accessible? It will create a further divide and will get passed through to renters anyways.
- treeman79 4y agoThere is no limit to the amount they will spend. Could be 100% still wouldn’t be enough.
- jaredklewis 4y agoDifferent methods of taxation create different incentives and have different side effects. For example taxing income is basically a tax on giving people jobs or being economically productive , two things we probably don't want to discourage, so I rate income taxes pretty poorly. Taxing gasoline discourages people from using gasoline, which might have the side effect of encouraging adoption of other methods of creating and storing energy. So that's not all bad. Property taxes have the wonderful side effect of making it more expensive to own property, which discourages speculation and other non-productive use of land. I'm sympathetic that the tax burden in CA is already too high, but we can repeal prop 13 and maintain (or even reduce) total tax revenue by simultaneously reducing income taxes. IMHO, replacing some or all income taxes with more property taxes would be a massive improvement. Many proponents of repealing prop 13 openly support cutting other taxes or would be open to such a compromise.