The
wealth
of
industry
is
collected
at
the
state
level
not
municipal
http://www.lao.ca.gov/LAOEconTax/Article/Detail/7 … http://www.lao.ca.gov/Publications/Report/3507 …
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the state of California is functionally dependent on PIT & cap gains revenue from the Bay Area. Cities are highly restricted.pic.twitter.com/0izevtHQpN
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yes, because they are generally wealthier than tenants.
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have you written on this before?
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I guess I should! San Jose is also mostly residential, has fewer corporate, business tenants that would stabilize its tax base.
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True. But it's past time for the Prop 13 coverage of businesses to be repealed. (I'd like the whole thing gone, but you take what you get.)
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Prop 13 protected homeowners who just happened to be caught in a real estate bubble.It should have not included farms and commercial prop.
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It protected millionaires afaic
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Kim keeps trying to ride this dead horse. Taxes are not the problem, spending is.
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how revenue is collected influences how it is spent.
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