California should tax its' most valuable asset, its land. It's immovable.
Of course, they did the exact opposite with prop 13 many decades ago, creating a land owning class with disproportionately low tax rates.
In California, if you make or do something valuable, you have to pay increasing proportions of the rewards to the government. But the longer you (and your ancestors) simply own land and do nothing, the lower your tax rate.
Of course, they did the exact opposite with prop 13 many decades ago, creating a land owning class with disproportionately low tax rates.
In California, if you make or do something valuable, you have to pay increasing proportions of the rewards to the government. But the longer you (and your ancestors) simply own land and do nothing, the lower your tax rate.