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California doesn't have any tools at all to fix inflation. But it does have an buttload of coin it can give away to lower income people.
by Gibbon1 4y ago
California doesn't have any tools at all to fix inflation. But it does have an buttload of coin it can give away to lower income people.
- aerostable_slug 4y agoOnly because our infrastructure isn't being upgraded (more reservoirs!) or maintained (hello, Oroville Dam) and the unfunded pension liability is simply ignored.
- supertrope 4y agoIn theory it could remove money from the economy by raising taxes. But that is deeply unpopular and could increase the likelihood of a recession. Reforming zoning and Proposition 13 would slow housing inflation.
- Gibbon1 4y agoThe Democrats tried partly repealing Prop 13 and the voters swatted it down.