tag:blogger.com,1999:blog-33399132.post5535720524035821241..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: Rethinking California's Revenue StructureRichard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-33399132.post-40946978929139211242009-07-21T17:57:44.431-07:002009-07-21T17:57:44.431-07:00California attempted to increase the property tax ...California attempted to increase the property tax intake by driving up home prices via restrictive zoning regulations. If the citizens could not pay the extra tax in the first place, paying the extra tax plus the extra price was even more unaffordable for them.<br /><br />A progressive income tax limits taxation to what people can afford. All regressive taxes should be permanently abolished, as they place an unreasonable burden on those with meager resources.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33399132.post-13141286849337996812009-07-21T15:39:43.899-07:002009-07-21T15:39:43.899-07:00This sounds prima facie improbable to me, but I do...This sounds prima facie improbable to me, but I don't have access to the data. A couple of questions.<br /><br />Are both numbers (144,000 and 38 million) individuals, or is one (the 144,000) households while the other (38 million) is individuals?<br /><br />What are the income shares?<br /><br />Having said that, California's real budget problems seem to me to be a result of an out-of-control initiative process (in which expenditures can be mandated and difficult to change) and a legislative requirement that tax changes (or increases only?) require a 2/3 affirmative vote.Don Coffinhttps://www.blogger.com/profile/07198988872512792834noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-29882018082783475932009-07-21T14:45:47.387-07:002009-07-21T14:45:47.387-07:00There have been some serious rumbings in the Calif...There have been some serious rumbings in the California Democratic Party about Prop 13 reform. If the current situation does not push us in this direction, i am not sure what will.Bill Rothhttps://www.blogger.com/profile/12087439412063905750noreply@blogger.com