Wealth Tax in California?

[scriabinop23]

Quote from jficquette:

Schools need to be privatized. Government doesn't belong in education. The only reason it got involved originally was because there was no one else to do it. Now our economy can create companies that can do a better at educations then the government can.

California spends about $12k per student per year. I say disband all of the government infrastructure and give families $12k a year to send them to private schools and get a real education.

John

Interesting.. All the poor families out there would keep the kids in the house and working at sweatshops, and pop out multiple children to make a living.

Here's the better question -- what happens if school, even secondary and grade levels, becomes elective?

While you're at it, you can reduce the tax revenue - and enable the government to hand out nothing - and let it all be discretionary. Of course that wouldn't jive with poor folks who don't pay any worthwhile tax revenue anyway.


Or do you think the state and federal govts should still collect an education tax and be in the job of allocating back to parents/schools as an intermediary to make sure everyone gets an education?

 

[Eliot Hosewater]

Quote from jficquette:

I agree. In the old days people worked paid off their house and lived for basically free except for utilities.

Now, how do you retire and pay $20k a year in property taxes? It has the seniors in a real bind. I believe we should do away with property taxes or at least eliminate them for people who are over a certain age and income level.


John

It could be worse. At one time Diane Feinstein wanted to tax as income the amount you would save by paying off your mortgage.

 

[Cutten]

Quote from AAAintheBeltway:

At what point does a "tax" become confiscation? I am assuming the courts would not let California simply seize the property of specified classes of individuals, say the mega rich. That is the basic distinction between the US and say, Zimbabwe. This measure would pretty much erase that line.

Check your US history - FDR did his own Mugabe impersonation back in the 1930s. When the Supreme Court made noises, he simply packed it with his own appointees and carried on with minor alterations.