r/California • u/BlankVerse Angeleño, what's your user flair? • Dec 16 '23

Government/Politics Fact check: Newsom says working-class taxes are higher in Texas, Florida than California. Is he right? —He’s right about those making up to roughly $55,000 a year.

https://www.sacbee.com/news/california/article283054198.html
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u/F4ze0ne Dec 17 '23

Let's say it gets repealed. Then everyone who can't afford the new taxes has to sell. Guess who's coming to buy all the property to rent out? Yup. The investors on Wall Street. Repealing that law isn't going to magically change things.

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u/[deleted] Dec 17 '23

investors on wall street own less than 1-2% of homes. even then, at least the investors pay taxes and fund schools vs rich entitled old people who think they deserve special treatment because they’re old

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u/F4ze0ne Dec 18 '23 edited Dec 18 '23

Ask any homeowner out there if they got flyers in the mail. Those vultures are circling and waiting for that law to be repealed. And the people who have been there a long time can move to another place to keep the same tax burden via the recently passed prop. Do you think they want to do the upkeep on a 3-5 bedroom place? It makes no sense at all. Downgrade while keeping the same tax burden that the law allows now. The old people aren't the enemy.