21–30 of 133 posts
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
And, to add insult to injury: the ones paying 3000 a year in taxes rather than 30k, are the ones who made millions of dollars in equity off the gain. That's extremely Regressive and completely the opposite of what CA supposedly stands for: Progressive income taxes.
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
There's a third option which is encouraging people to move elsewhere.
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
Wouldn't it make sense to have higher taxes on old people? They have more significant money and wealth I believe.
If you want to tax wealth or income just do it directly.
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
Wouldn't it make sense to have higher taxes on old people? They have more significant money and wealth I believe.
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
BTW, I don't live in the Bay area and never have. I live in Detroit area and we have this same rubbish and I've had to pay 3x property tax of folks who own 5x the value of my property. It sucks but I understand.
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
And, to add insult to injury: the ones paying 3000 a year in taxes rather than 30k, are the ones who made millions of dollars in equity off the gain. That's extremely Regressive and completely the opposite of what CA supposedly stands for: Progressive income taxes.
The problem for the retirees is quite often they have a fixed income - solution to "unlock" that equity is maybe it's held as a liability against the equity @ the eventual sale price.
Earlier quoted context omitted.
Some extra color on Prop 13; a more sinister view is that it was a time bomb designed to "starve the beast" and limit tax revenues in the future.
California doesn't seem very interested in starving the beast overall. So it seems unlikely the motivation of this prop was that.
The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…
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Uh, no, that's nowhere close to genocide.