I'm just saying that homeowners with really old property tax bases and awarding public sector union benefits that aren't adequately funded upfront are also complicit contributing factors to the current situation.
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When we promise things we haven't fully funded decades from now, we're de facto choosing to suppress wages of future public sector workers or forcing public sector union retirement funds to go deeper into the exact high-growth, risky asset classes that some are criticizing.
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Replying to @kimmaicutler @khuey_
I think these are all very important things to keep in mind.
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we should probably practice a politics that decouples the good from the bad
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yeah that's probably not what's going to happen. At the top of the cycle, we'll promise a bunch of things that aren't adequately funded 1-3 decades from now and some future mayor, who is responsible for keeping an organization employing 30,000 people financially solvent,
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Replying to @kimmaicutler @uhshanti and
and it probably won't even matter if they're progressive or moderate (because hey, De Blasio was pro-Amazon), will try to cut some deal at some other part of the cycle to attract or stabilize tax revenues. A lot of that growth will just be absorbed by the landowner class
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Replying to @kimmaicutler @uhshanti and
then they obviously won't want to pay taxes themselves to prevent the level of public service they expect from deteriorating, so they'll blame it on newcomers and that will fuel some kind of populist campaign for some token concessions. And then this will just repeat ad nauseum.
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Replying to @kimmaicutler @uhshanti and
the “yep its a death spiral” narrative, so succinctly put Kim.
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Replying to @anniefryman @kimmaicutler and
as I say every time
@kimmaicutler and I get into an argument, nothing will get better if we sit here talking about how nothing will get better so we can’t do anything
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Replying to @uhshanti @anniefryman and
I'd like to see you advancing policies that will make it better. I would think attracting lots of rich taxpayers to CA, while ensuring poor people don't get pushed out would be a start
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don't know if i'd word it like that. I'd more word it like existing Californian voters have high expectations of services and do not want to pay higher taxes for them, so this necessitates being structurally dependent on a very small number of HNW taxpayers.
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