One reason that Bay Area cities resort to approving large amounts of [tech] office space is in part because single-family homeowners do not pay property tax levels that keep pace with the cost of providing services. So local govts have to look toward alternate strategies.https://twitter.com/marymcnamara/status/1081107306736013313 …
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Which is basically the California model. Capped, assessed property tax rates that are inheritable that get priced into ever higher land values. Then the cities & the state need to tie themselves to a small number of extremely HNW people to float services.https://twitter.com/dillonliam/status/1080909738370428928 …
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I am not really sure how to fix this. That said, the plan that Tim is criticizing also expands emergency rent caps, emergency rental assistance, just cause for eviction across the Bay Area, promotes $1.5B in new taxes to fund affordable housing, so


.https://www.mercurynews.com/2018/12/12/employer-taxes-rent-caps-and-more-in-big-bold-bay-area-housing-plan/ …Show this thread -
More on Google's massive expansion plans in San Jose, which will add 50% more workers downtown to the current 43K jobs located around there. https://www.sfchronicle.com/business/article/Google-transformed-Mountain-View-is-San-Jose-13515691.php?utm_source=email …pic.twitter.com/GDD22rrfXA
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The “rich” are already paying a 50% marginal income tax rate on ordinary income due to the 2017 tax law. They can’t be squeezed much more. The path to more revenue starts with Prop 13 repeal.
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To the best of my knowledge he's never advocated for Prop 13 repeal and has published articles opposing regional revenue sharing.
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