I don't agree with the claim that California's pervasive social problems are mainly because businesses & individuals aren't giving enough money to the government. Maybe someone can cite the SPECIFIC amount of money California needs to solve the problems.https://twitter.com/kimmaicutler/status/1162020623595368448?s=20 …
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Think about SF. Residential property values rise in aggregate about $100-130 billion a year (or 7X Facebook’s annual net income). Against that, we offset it with one affordable housing bond every five year at $600M for people whose wages don’t keep up w housing.
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And this is the largest affordable housing bond we’ll ever be running in the city’s history.
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Prop 13 unquestionably caused reduced CA school funding. But the massive federal housing funding withdrawal ---only 25% of eligible hh's now get subsidies---is the chief cause of CA homelessness.
@NLIHCThanks. Twitter will use this to make your timeline better. UndoUndo
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We are rewarding literal rent-seekers.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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CA has the highest taxes in virtually every category with the exception of property tax where it's in the middle of the pack. The suggestion that if property taxes were higher then we'd be so much better is preposterous. http://riderrants.blogspot.com/2012/11/ca-vs-other-49-states-revised-11812.html …
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Those taxes offset with higher income levels, the question here why homeowners get subsidized while investment into public infra, schools suffer
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If prop 13 didn't exist property taxes would be MUCH higher and housing would be even more expensive. p.s. CA spends more than 1/2 the state budget on education with most going to K-12 schools. There's no shortage of funding.
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Google'd it. Discovered your wrong-sounding claim is massively wrong. CA spends 14% of its budget on education (our per capita spending is somewhere in the middle of the pack for states, i.e., BAD). p.s., if prop. 13 didn't exist, other taxes (sales, etc.) would be lower.pic.twitter.com/6v7pDOTgT8
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