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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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      Kim-Mai Cutler Retweeted Recode

      This entire interview and zero mentions of Prop. 13 and its historical relationship to subsequent changes in the federal and California state tax code. Okay.https://twitter.com/Recode/status/1108312272340992001 …

      Kim-Mai Cutler added,

      RecodeVerified account @Recode
      If you want to fix San Francisco, don’t blame the NIMBYs — tax the rich, says Berkeley’s Richard Walker. https://www.recode.net/2019/3/20/18273879/richard-walker-san-francisco-bay-area-homelessness-nimby-taxes-marginal-kara-swisher-decode-podcast?utm_campaign=recode.net&utm_content=chorus&utm_medium=social&utm_source=twitter … pic.twitter.com/P1hD78SBzI
      9 replies 23 retweets 250 likes
      Show this thread
      Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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      There’s a symbiotic relationship between the state government, CA cities and the existing level of inequality *because* the state’s primary revenue source is income taxes at 70% of the general fund. https://lao.ca.gov/reports/2018/3805/ca-tax-system-041218.pdf …pic.twitter.com/lDZt8eKjPX

      5:39 AM - 20 Mar 2019
      • 3 Retweets
      • 42 Likes
      • Steve C. Eric Panzer Srinivasan 🏙 Jon Branch verity freebern ETL 🚴🏾🌐⛰️🧦 Spike is working on some stuff Hilary @ DCS News Mike Chen 陳懋華
      2 replies 3 retweets 42 likes
        1. New conversation
        2. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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          Which has a particular structure centered enough on capital gains that it’s actually hard for the state to predictably or reliably budget for public services because the revenue source is so pro-cyclical. We can have a $20B surplus one year and then a $40B deficit the next year.pic.twitter.com/i1Nkhd7cji

          2 replies 3 retweets 35 likes
          Show this thread
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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          At a city level, there’s a symbiotic relationship as well. When Ed Lee took over as mayor, SF was supposed to be running $800M+ deficits every year. Inviting tech allowed the city to run in place against pension obligations, but at a cost of displacement.https://m.sfgate.com/bayarea/article/1st-S-F-5-year-budget-plan-draws-daunting-picture-2373448.php …

          1 reply 3 retweets 22 likes
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        4. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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          It’s the same choice San Jose is making in selling downtown land to Google in order to generate more business/employment tax revenue to offset pension liabilities while compensating for the lack of tax revenue from residential lands. https://sanjose.legistar.com/View.ashx?M=F&ID=6814235&GUID=9249DE06-385F-4FF6-804F-CDBA1D5D4B1B …

          3 replies 0 retweets 26 likes
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        5. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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          So you can change the tax structure in that way (and further progressive taxation is good!) but it will further increase the financial dependency of the cities and state on the ultra-wealthy in the long-run and also make the tax base even more volatile & unpredictable.

          2 replies 1 retweet 29 likes
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        6. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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          .@BettyYeeforCA oversaw a study looking at a lot of different options to make the state budget less wildly unpredictable, but the different pathways seem challenging from a political viability perspective. https://www.sco.ca.gov/Files-EO/Comprehensive_Tax_Reform_in_California_A_Contextual_Framework_06_16.pdf …

          4 replies 0 retweets 19 likes
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        7. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Mar 2019
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          Kim-Mai Cutler Retweeted Ask Me About Prop. 15

          Remember that California relies on income tax (progressive but volatile) and sales tax (regressive) because it can’t deal with the property tax issue, which has undermined K-12, free college and public services for 40 years. Anyway, this:https://twitter.com/tribtowerviews/status/1108366937325629440?s=21 …

          Kim-Mai Cutler added,

          Ask Me About Prop. 15 @TribTowerViews
          Tax the rich, but open up their segregated cities too.
          Show this thread
          3 replies 10 retweets 27 likes
          Show this thread
        8. End of conversation
        1. New conversation
        2. 司徒‏ @szetoinsitu 20 Mar 2019
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          Replying to @kimmaicutler

          Time to roll back prop 13? My relatives that own property in CA would hate this idea though...esp grandma's house, probably with lower rates relative to the neighbors

          1 reply 0 retweets 0 likes
        3. Steve Lawton‏ @srlawton 20 Mar 2019
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          Replying to @szetoinsitu @kimmaicutler

          There’s the problem: do nothing to fix state fiscal policy because grandma.

          1 reply 0 retweets 0 likes
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