“Californians would face the largest net tax increase, at $12.1 billion in 2027 alone.... used to partly fund the tax cuts flowing to other parts of the country.” https://itep.org/house-tax-plan-offers-an-exceptionally-bad-deal-for-california-new-york-new-jersey-and-maryland/ …
We don’t have the right property rights, tax system for an HK-style system to function in CA. When we invest in transit infrastructure, all the surrounding private land owners get to appropriate most of the appreciation in real estate (that they didn’t earn).
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HK captures it bc they’re typically the landlord around the new station or line being built. They likely lose on fares but gain it back in rents.
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