Red states have implemented low income tax with heavy property taxes (think Texas) with great results. and although I'm sure California would just manage to mess it up it's a great idea.
I live in Texas. I don't like the restrictive laws. Texas could learn a lot for California, just not in the areas of taxation
https://www.texastribune.org/2026/08/17/texas-city-budgets-c...
It even seems like it avoids a lot the pit falls the uber-wealthy use to avoid most progressive income taxes. Its easy to disguise income as something else. Property, though, is right out in the open. The state can easily audit and value property and send the bill. No matter how fancy the accounting, that bill will eventually reach the person "consuming" that property.
ROFL what? I'd bet the author a lot of money that costs WILL roll downhill, the source matters not.
People can also sell their land/homes and move. It's less liquid than other assets, but less doesn't mean people won't sell/leave.
https://www.smartcitiesdive.com/news/california-high-speed-r...
Given the current situation, I do not agree that "we need more taxes", but would welcome your clarifying exactly what you mean.
The idiom is "film at 11."
It's only too late if you're timid and wimpy.
I would much rather see people keep more of their dollars and use them to 'vote' for the products and services that benefit them most, via their purchases.
Most companies take profit eventually, but if it's possible for a company to decide to never take profit and grow/acquire perpetually without paying any taxes on gross income, that's a problem.
That'd be like individuals being able to deduct living expenses and having uncapped pre-tax 401k contributions.
bigyabai•1h ago
idbnstra•17m ago