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 …
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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 …
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 …
Would the goal to be in the long run to not have any ultra wealthy?
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