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Let the feeding frenzy begin… https://calmatters.org/articles/blog/a-deep-blue-sea-of-california-lawmakers-take-oath-of-office-today/
“The reason for this is that if this year’s voting was a referendum on the incumbent president, as most midterms in a presidential first term are, then the only person in a position to make a course correction is Donald J. Trump, not the Republican party or its congressional leadership. And since Trump shows no sign of changing anything in his approach to his job, his party has little choice but to stick with him.”
https://www.nationalreview.com/2018/12/can-republicans-acknowledge-their-midterm-defeat/
I could have changed it a bit and called it my own…but why? What you are seeing is a direct rebuke of the Tangerine Toddler. Let’s see how bad the Dems can screw it up. Right now, Trump is climate change and the GOP are the deniers. Let’s hope the Dems don’t break out the coal.
California’s prosperity is dependent on the high tech companies and their taxable income. To initiate the new proposed programs and entitlements the state will require milking that cow even more, or reforming the way we raise money. Shifting more of the burden to the general public will be a tough sell, given that we are already stressed from a housing shortage that has driven home values and rentals through the proverbial roof.
They say that whenever Wall Street catches a cold, California gets the flu. That being said, there are other areas where they could come up with CA’s shortfall. For instance, around 650K people statewide who have inherited a home are paying property tax based on the original sales price of the home, as opposed to everyone else paying on today’s assessed value. That’s estimated to be billions right there and in a state economy with a GDP of around $3 trillion, there’s plenty more where that came from. No need to go batshit crazy on the tech companies when there are give-away subsidies like that lying around.
Many of those who are benefiting from Prop 13 would be classified as the general public. That would include yours truly. If our home would have been reassessed at the time of our father’s death (2004), my brother and I would have been forced to sell the place. As it were, it was reassessed when we bought out my brother. Fortunately it was during the Great Recession and we could handle the small increase.
Trying to keep a house in California is already a difficult task. Double or triple the property taxes and it will only get worse.