{"id":2011,"date":"2019-12-04T11:30:20","date_gmt":"2019-12-04T18:30:20","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=2011"},"modified":"2019-12-04T13:40:07","modified_gmt":"2019-12-04T20:40:07","slug":"with-property-tax-california-is-trying-to-fix-what-is-not-broken","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=2011","title":{"rendered":"With Property Tax, California is Trying to Fix What is not Broken"},"content":{"rendered":"<p><em><span style=\"font-weight: 400;\">Written by Nicholas Vetrisek<\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax rates and tax revenues move in the same direction.\u201d Thomas Sowell wrote this years ago in relation to the Congressional Budget Office, but it can be applied just as easily to California.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Assessment roll values are at an all-time high and have been increasing every year. A few examples of this are Sacramento County up 6.53% to $179 billion and Alameda County revenues increasing 7.13% to $321 billion. As a result of this, last year\u2019s roll value increase alone resulted in an additional $75 billion in revenue. Despite this massive increase, however, far-left Democrats in government want to repeal the only thing stopping properties from being taxed as high as everything else: Prop 13.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">California has the highest corporate tax, the highest gas tax, and the highest sales tax in the entire country. Yet, somehow, the state is so starved financially that it needs to remove protections for the only reasonable tax rate left. This is clearly designed to give more money to unions for their ever-increasing benefits and pensions in exchange for Democratic loyalty. The homeowning public be damned.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aside from the obvious immorality of stealing from homeowners in order to give free stuff to supporters, there\u2019s also no indication it would raise revenues anyway. Going back to the quote in the beginning, tax rate increases don\u2019t correlate with revenue increases. In fact, they often go the opposite way.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/4\/47\/Laffer_Curve.png\" width=\"507\" height=\"357\" \/><\/p>\n<p><span style=\"font-weight: 400;\">One of the most important ideas in economics is the Laffer Curve; the idea that there is an ideal sweet spot for tax rates that allows for high enough revenues without forcing taxpayers to look for loopholes or to leave altogether. It\u2019s not a very complicated idea and it is in fact so simple that it was originally written <\/span><a href=\"http:\/\/ids.si.edu\/ids\/deliveryService?id=NMAH-RWS2013-01555&amp;max=1000\"><span style=\"font-weight: 400;\">impromptu on a napkin<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, leftists politicians\u2014with their Ivy League degrees and decades of government experience\u2014are unable to understand such a concept. California is reaching peak revenues for property taxes because the rate has been capped for decades. Other taxes are not working because they are the highest in the country and as a consequence, <\/span><span style=\"font-weight: 400;\">countless people are <a href=\"https:\/\/sandiegonewsdesk.com\/2019\/11\/california-democrats-hate-the-wealthy-and-are-apparently-surprised-they-are-leaving\/\">leaving<\/a> California<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is simply another example of California Democrats making it harder for average people to live in the state. It may seem like this would be just another tax increase in a long line of them, but this could be the last straw for the middle and upper-class holdovers across the state.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prop 13 has protected them for over 40 years and if it gets removed, it\u2019s open season. If that happens, there will only be one more question worth asking: when did you decide to leave?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by Nicholas Vetrisek \u201cThe Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax rates and tax revenues move in the same direction.\u201d Thomas Sowell wrote this years ago in relation to the Congressional Budget Office, but it can be applied just as easily to California. Assessment roll&#8230;<\/p>\n","protected":false},"author":3,"featured_media":2028,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-2011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With Property Tax, California is Trying to Fix What is not Broken - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=2011\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With Property Tax, California is Trying to Fix What is not Broken - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Written by Nicholas Vetrisek \u201cThe Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax rates and tax revenues move in the same direction.\u201d Thomas Sowell wrote this years ago in relation to the Congressional Budget Office, but it can be applied just as easily to California. Assessment roll...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sandiegonewsdesk.com\/?p=2011\" \/>\n<meta property=\"og:site_name\" content=\"San Diego News Desk\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-04T18:30:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-04T20:40:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/12\/Message-to-Dems.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\",\"name\":\"San Diego News Desk\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"width\":1200,\"height\":720,\"caption\":\"San Diego News Desk\"},\"image\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#website\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"name\":\"San Diego News Desk\",\"description\":\"Your Source for News in San Diego\",\"publisher\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/sandiegonewsdesk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/12\/Message-to-Dems.jpg\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/12\/Message-to-Dems.jpg\",\"width\":1200,\"height\":720},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#webpage\",\"url\":\"https:\/\/sandiegonewsdesk.com\/?p=2011\",\"name\":\"With Property Tax, California is Trying to Fix What is not Broken - San Diego News Desk\",\"isPartOf\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#primaryimage\"},\"datePublished\":\"2019-12-04T18:30:20+00:00\",\"dateModified\":\"2019-12-04T20:40:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sandiegonewsdesk.com\/?p=2011\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sandiegonewsdesk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"With Property Tax, California is Trying to Fix What is not Broken\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#article\",\"isPartOf\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#webpage\"},\"author\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#\/schema\/person\/f5bed4fc07270caa9fa05a8b26be4751\"},\"headline\":\"With Property Tax, California is Trying to Fix What is not Broken\",\"datePublished\":\"2019-12-04T18:30:20+00:00\",\"dateModified\":\"2019-12-04T20:40:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#webpage\"},\"wordCount\":468,\"publisher\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=2011#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/12\/Message-to-Dems.jpg\",\"articleSection\":[\"Economy\",\"Politics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#\/schema\/person\/f5bed4fc07270caa9fa05a8b26be4751\",\"name\":\"San Diego News Desk\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/05062ed7eb31bfe5ee9233a235e7d2e2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/05062ed7eb31bfe5ee9233a235e7d2e2?s=96&d=mm&r=g\",\"caption\":\"San Diego News Desk\"},\"url\":\"https:\/\/sandiegonewsdesk.com\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts\/2011"}],"collection":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2011"}],"version-history":[{"count":0,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts\/2011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/media\/2028"}],"wp:attachment":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}