But also because of prop 13 many of the state's wealthy are at taxed disproportionately low rates...
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I blame direct democracy. Ballot initiatives are rarely the product of a robust inclusive public policy conversation, they are drafted on the basis of what polls best. Usually what polls best is taxing someone else. And who to pollsters poll? Homeowners, because they vote.
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So, error correction for
@YangVentures : California voters tax high-income earners at highly progressive rates. Since 1978, numerous initiatives have restricted the choices open to all of the 10,000 units of government. - 1 more reply
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If only there were a way to tax a more stable (one might say, ahem, grounded) store of existing wealth that's mostly held by the rich...
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