Yes and perhaps the additional revenues could be reinvested to support native Latino & African American East Austinites residents & businesses that have been displaced/gentrified despite paying their fair share of city taxes for decades!
Great example of finding progressive revenue:
"They’re calling it the 'mistake on the lake.'
100s of homes along the shores of Lake Austin have remained off city tax rolls for decades. But @GregCasar and @JimmyFlannigan are hoping to change that."
https://www.statesman.com/news/20190610/city-council-might-repeal-lake-austin-mansion-tax-exemption …
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