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So you want to increase the tax burden on productive economic activity to benefit people who are just capturing rent. That's a horrible idea.


I don't believe that's what I said. Cities in California have services they are obligated to provide -- police services, for instance. The cost of those services over time has increased proportional to salaries. However, the revenue gathered to pay for those services has only increased proportional to property values -- which are artificially trapped in the 1970's to a large extent.

That is an untenable situation, and it is a large part of California's problem at a local level.




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