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@DashiellMenard No, I don't agree. Taxing unrealized gains is a horrendous public policy, one that discourages investment and creating a nesteg, instead of replying on the government to take care of you in your old age. In CA, taxes are largely taking money from the productive and giving it to poor immigrants, illegal and legal.
Enough goddamned redistribution already!
6 months, 1 week ago on Proposition 30: Yet another way California screws entrepreneurs over
@renderpaz My retired parents couldn't possibly stay in their home without Prop 13. My middle class parents paid off their house, and didn't take out a dime of HELOC money, and did without to put me through private school. Why should they be forced to move out of their home because Jerry Brown would rather pay of public employee unions and give children of illegals welfare and in-state tuition? How is it their fault that they bought a house they could afford for $76K in the late 70's, but bad government policies and speculators drove their home price up?
The idea of taxing unrealized gains is IDIOTIC and a sure way to keep people poor.
Agreed that 30 is horrible, but the idea that California has a revenue problem, instead of a spending problem is ludicrous. The suggestion that a state can't survive on 1.2% property tax and 11% income tax and higher than average sales tax is preposterous. Not once do you mention CA's share of illegals and welfare cases or public employee thieves.
Some states don't even have property taxes and do fine.