@MetroObserver name another asset class that's taxed on unrealized gains...and you're whining that it's not enough.
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You realize the gains every night when you sleep under that roof. That's exercising a tangible benefit!
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a benefit that was paid for at the time of purchase
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Purchase price didn't include new opportunities and amenities that have been captured by appreciation.
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opportunities which, if attained, are taxed in many other ways
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not really. Property owners w/o kids still benefit from having neighbors w/ good education.
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Also, the squandered opportunity is not taxed. Prop taxes encourage higher utilization of amenities.
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they encourage gov't spending, underscored by SF's $9BN budget & $5BN pension deficit
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"Starve the Beast" is a cop out. You want to eliminate all taxes on everything everywhere?
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no, but the status quo of spend first, ask questions later isn't working so well either
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that's not at all how California works. Tax increases have to be approved by 2/3rds of voters.
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actually, 2/3 of the legislature can raise taxes...but we're talking about spending growth
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Replying to @pmohme @kimmaicutler and
which heads ever higher, without accountability
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End of conversation
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