[zbrozek]

At least here in California, I'd be worried that it could get instituted with token or no reduction in other taxes. Otherwise it seems to make a lot of sense, particularly with regard to removing disincentives for development.

[PopAlongKid]

Couldn't you remove the first five words of your reply and still make a valid point?

[AnimalMuppet]

Maybe. But maybe California's government has given more reason than other governments to think that they would treat this as an additional form of income, rather than a replacement.

[PopAlongKid]

That's an interesting claim that calls out for more evidence. Just a year ago, when CA had a large budget surplus, it refunded billions of dollars to many of its taxpaying residents in the form of inflation relief payments. That doesn't seem like the behavior of a government that only wants to collect more and more tax.

[Obscurity4340]

Is there any objective and reasonable discussion on the state of CA's finances? Its like the 8th largest economy in the world or something and all I ever hear is right-wing invective about how its a "Failing State" and bankrupt etc. Come to think of it, it seems to mirror the discussion at the Federal level where all I hear the right bitch about is "deficits and interest", which never seems to come up come tax discussion time where they are all too happy to widen said concerning gulf...