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It's California's stupid fault for picking that tax system. It's not like residence-based income taxes were decreed by God as the only way to fund a government.


residence based taxation is a stealth wealth tax. us is illegal wealth tax directly. problem was in 1970s, people bought 10k house on 3k/ye wages. 10 yes later, it was million dollar house. 3k/wages cannot pay taxes on million dollar house. so that is why they passed such a law. otherwise, people would have all had to sell house for capital gains and move out of california in 1970s.

This is not justifying system, but explaining how these thnings come about. Again, it has to do with people not being able to afford the either the real-estate (at market values) or the taxes based on their incomes. taxes just second order effect though.


You will have to excuse me if I don't sympathize with the taxation problems of people who are sitting on unrealized million-dollar capital gains.


The politicians were showing sympathy with the grandma on social security liing in her house she bough in 1940 with no plumbing, etc. It was not her fault NASA moved in next door to send men to the moon, etc. That, at least was the context. I don't have sympathy for entitled people either, particulalrly those we are talking about who "developed" and paved over CA with freeways. But before them was a genration of home-steaders, who had no income because they were modest people. They took a lot more risk and invested a lot of sweat equity to make CA a better plave to libe, so perhaps worth showing them some respect...etc. or not YMMV.




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