9 ms·
California loses substantial tax revenue due to the issue. No city wants local growth (prisoners dilemma), but the state sure does and it is the decider.
by kansface 3y ago
California loses substantial tax revenue due to the issue. No city wants local growth (prisoners dilemma), but the state sure does and it is the decider.
- kjkjadksj 3y agoCities also benefit from local growth. More people means more funding for local schools and roads and everything else that makes a city a city. What has happened in recent years however is that local elected city leaders do not think in terms of the best interests for the collective. They think in terms of keeping their jobs, bending over backwards towards those who donate and vote in these local elections. A demographic that is by and large older, whiter, richer, more conservative, and more likely to be an existing homeowner, who in California stands to benefit from exponential increases in real estate values on top of a fixed tax rate based on their purchase price vs current valuations.