@kimmaicutler underrated factor: your home is illiquid asset; could make new values a large burden for some homeowners to pay more taxes.
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@Evanish of course. You could always make it a transfer tax on the point of sale, & base it on land equity, rather than value. - 2 more replies
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@kimmaicutler "Affordable" depends on your paycheck. We could always pay everyone Google-level salaries. -
@coolgrey@kimmaicutler If we do, they'll just bid up the price that much higher. It's a game of musical chairs now, and we need more chairs - 1 more reply
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@kimmaicutler nah let's tax new development instead, makes much more sense :-/Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler if prop 13 only capped the tax rate at 1%, and didn't have artificially low valuations, SF would 1.4B more per year to use. -
@kimmaicutler (just from that increase, not even accounting for the below-market valuations before the current boom)
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@kimmaicutler if only Cali voters now benefiting from that increase hadn’t capped their property taxes by initiative.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kcm@kimmaicutler Funding for affordable housing doesn't fix much imo. We need a massive re-zone and bulldoze + transit. Mission, SoMa.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler perhaps from some of that very same generally unearned wealth. and i say this as a huge beneficiary of that unearned wealthThanks. Twitter will use this to make your timeline better. UndoUndo
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