In Japan, train companies can earn revenue from rents in surrounding station areas on top of fares. In CA, we can invest billions in infrastructure and subsequent spikes in nearby land/property values are captured almost wholly by the people who happen to own nearby property. https://twitter.com/dangillmor/status/1078168004360171520 …
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Replying to @kimmaicutler
The values are "captured" only by people who happen to be selling their properties. Everyone else is stuck with a higher tax bill, which is especially unfair to those who don't even benefit from nearby transit. Much more efficient to instead raise fares. Have users pay directly.
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Replying to @The_Suburbanist
Not in California. Your property tax bill is capped.
9:00 AM - 27 Dec 2018
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