California Initiative Filed to End Proposition 13 Protections for Commercial Properties

I guess these liberals who are pushing for these tax increases have not yet figured out that by increasing taxes on commercial buildings such as apartment complexes and office buildings, etc. the owners are going to turn around and pass those tax increases on to the people living in the apartments by way of higher rents, or higher rents to small or large businesses occupying commercial office spaces, who will in turn raise the price of their service or product.

All liberals/socialist democrats know is how to do is to raise taxes. The expression "Actions have Consequences" is out of their comprehension.

From the article:

"Funded by Silicon Valley deep pockets — including the Chan-Zuckerberg Initiative, the personal charity of Facebook CEO Mark Zuckerberg and his wife Priscilla Chan; a coalition of teachers unions; the League of Women Voters; affordable housing advocates; and other “social justice warriors” organized as “Schools and Communities First,” — the activists submitted the signatures to the Secretary of State on August 14 to place an initiative on the 2020 ballot to increase California commercial property tax revenue by $11 billion."

Source: www.breitbart.com...

a reply to: manta78

When are they going to learn that you can spend your way out of poverty? It's like you can't spend your way out of debt. The first step is to quit spending money you don't have. Live within your means. And remember that you can't be all things to all people.

They bitch about rich people having too much money but spend like they have an unlimited supply of money. WTF !!

I have no sympathy for Californians.

You keep voting Democrat and you keep getting screwed.
Maybe someday you'll get the connection.

a reply to: manta78

The scariest part is they move to other states and continue taxing and spending, raising real estate costs beyond belief, driving homelessness ever upward and blaming thrift minded people for not opening their pockets further to save the casualities made by their greed, arrogance and ignorance.

originally posted by: DAVID64
I have no sympathy for Californians.

You keep voting Democrat and you keep getting screwed.
Maybe someday you'll get the connection.

Im in California. Many of us here are Conservative. Many of my Democrat friends flipped for the first time ever and voted for Trump, and are very outspoken and proud of it.
So keep that in mind before you assign corporal punishment on all of us. How many time have I heard on here that someone wishes California fell into the sea and every Californian was dead. Its kind of one dimentional thinking. Kind of unintelligent to wish your brothers and sisters dead.

I absolutely hate what the Peoples Republic of California has become.

Schools and Communities First estimates that if the initiative passes, K-12 schools and community colleges will bank another $4.5 billion in tax revenues a year, and $6.5 billion will be split by counties, cities, and special districts to “support community services, including health clinics, trauma care and emergency rooms, parks, libraries and public safety.”

Basic extortion.

originally posted by: BlueJacket
a reply to: manta78

The scariest part is they move to other states and continue taxing and spending, raising real estate costs beyond belief, driving homelessness ever upward and blaming thrift minded people for not opening their pockets further to save the casualities made by their greed, arrogance and ignorance.

An example of this is what has taken place on the Hawaiian Islands. The rich moved in and the poor are on a 10 year waiting list to move into govt. housing.

a reply to: manta78

When any government (state, local, federal) mismanages our money, it is the height of hubris.

They want to force the low rise apartment blocks into bankruptcy so they can then redevelop them as high-rise blocks. I lived in one apartment complex in Sunnyvale. Right next to a supermarket (Lucky's). There were a whole row of apartment blocks on this street (North Mathilda Avenue).

But those buildings were creaky as ****. When your neighbour upstairs walked across the floor, you could hear every individual footstep as if an elephant were walking around. Washing machines were communal and required six quarters for a full wash. When I checked up on the place last, residents were complaining that gangs were stealing belongings from the balconies. Rents were around $2500/month for a 1 bedroom flat.

I could see that it would be quite tempting to force these low rise (three floor and less) apartment blocks to redevelop into high-rise concrete apartment blocks, and probably be an improvement. Chinese investors would love this idea. The only neighbours are chip fabrication plants and low income neighbourhoods.

This happens in Vancouver, Toronto and other Canadian cities every year. Market Value Assessment is applied to each property as a weighted sum of its neighbours. So if there is demand for land next to a Metro station, the construction of a high-rise apartment block on an empty lot will push up property taxes on those properties around it. This then sets off a chain reaction.

a reply to: visitedbythem

Where did I say "dead"?
When did not having sympathy for people who keep electing crappy leaders equate to wishing them dead?

Why not something truly radical like taxing under the table income of illegal aliens?
Or deny them social services, schools, drivers licenses and jobs?
They are the driving force behind the bankruptcy of the state.
Well, that and overly generous pensions for public employees.

originally posted by: visitedbythem

originally posted by: DAVID64
I have no sympathy for Californians.

You keep voting Democrat and you keep getting screwed.
Maybe someday you'll get the connection.

Im in California. Many of us here are Conservative. Many of my Democrat friends flipped for the first time ever and voted for Trump, and are very outspoken and proud of it.
So keep that in mind before you assign corporal punishment on all of us. How many time have I heard on here that someone wishes California fell into the sea and every Californian was dead. Its kind of one dimentional thinking. Kind of unintelligent to wish your brothers and sisters dead.

Then you know that CA is actually very diverse.

CA has had Republican governors.

Oh, and I flipped from Rep to Dem.

originally posted by: DAVID64
a reply to: visitedbythem

Where did I say "dead"?
When did not having sympathy for people who keep electing crappy leaders equate to wishing them dead?

Oh, you are right! You just want our state destroyed, and punished.

originally posted by: Annee

originally posted by: visitedbythem

CA has had Republican governors.

We are in very bad shape now, and you will certainly feel the impact when California falls.
We did better under more conservative. I think all democrats should be jailed for using a plastic straw. Its ok to crap on the sidewalks, and throw down used drug needles at the school play grounds. Oh and by the way, you only will be allowed 35 gallons of water a day or they may break down your door, shoot your dogs, stun gun you if you are lucky to avoid the lead, and haul you to jail. You can always live under a bridge, on the sidewalk, or along a levy slough.

a reply to: manta78

They should be looking at law changes, preventing costs being passed on in situations like this. The whole point of raising a tax against a financially bloated group of people, is that they cease being bloated, and the scales become balanced, so the greed of the few cannot damage the many.

If you allow the greedy an out, they will pass on costs raised against them, to others. These people will never understand that the correct way to deal with an increased cost of operation, if one is a large company or a notably wealthy person, is to simply make less profit per year, and smile about it.

a reply to: DAVID64

To be fair, there are plenty of areas in Cali that vote red, they are just outnumbered by all the lunatics in the large coastal areas that remain latched on to the teat of tainted blue milk.

originally posted by: TrueBrit
a reply to: manta78

They should be looking at law changes, preventing costs being passed on in situations like this. The whole point of raising a tax against a financially bloated group of people, is that they cease being bloated, and the scales become balanced, so the greed of the few cannot damage the many.

No, it's not.

The only reason for taxes is to fund a government that should be required by law to run as cost-effectively as possible and with the smallest footprint possible.

If you advocate using taxes as punishment "against a financially bloated group of people," then you espouse tyranny.

If you allow the greedy an out, they will pass on costs raised against them, to others. These people will never understand that the correct way to deal with an increased cost of operation, if one is a large company or a notably wealthy person, is to simply make less profit per year, and smile about it.

That's literally the least-educated comment on economic issues that I've seen in a long time.

Profit should NOT be something that the government can confiscate just to teach rich people a lesson--that's utter asininity.

originally posted by: SlapMonkey

originally posted by: TrueBrit
a reply to: manta78

They should be looking at law changes, preventing costs being passed on in situations like this. The whole point of raising a tax against a financially bloated group of people, is that they cease being bloated, and the scales become balanced, so the greed of the few cannot damage the many.

No, it's not.

The only reason for taxes is to fund a government that should be required by law to run as cost-effectively as possible and with the smallest footprint possible.

If you advocate using taxes as punishment "against a financially bloated group of people," then you espouse tyranny.

If you allow the greedy an out, they will pass on costs raised against them, to others. These people will never understand that the correct way to deal with an increased cost of operation, if one is a large company or a notably wealthy person, is to simply make less profit per year, and smile about it.

That's literally the least-educated comment on economic issues that I've seen in a long time.

Profit should NOT be something that the government can confiscate just to teach rich people a lesson--that's utter asininity.

I don't think he is trying to teach a lesson ...just saying that one way to deal with increased costs is to just let them eat up a bit of the profits. Companies do that every day to keep customers coming back and to create loyalty. Once the corporations have all the money there won't be anyone left to spend money on their products or wiling to pay their rent.
And by necessity the less the people have to spend, the more the government has to spend and the higher taxes will need to go.

Corporations want a smaller government? Pay the workers more and lower prices which would of course, lower profits. You could expand the equation by raising wages even more and have prices rise to an equilibrium of the wage. Equilibrium of the wage relative to profits is at a pretty big discrepancy at a good majority of companies.

a reply to: visitedbythem

This whole situation makes sense after I received more info today. Those liberals in California are more clever than I thought. As per a private email, they are now introducing legislation to be voted in November of this year, to allow local municipalities statewide to put rent caps on all rental properties without restrictions. This is also known as rent control.

The proposition number is prop 10.

So first they get rent control to stop further increases on property private citizens and companies own, and then they
tax them to a point of little to no profit possible for the owners. Typical socialist's type thinking.

And as Assar Lindbeck, a Swedish economist, who chaired the Nobel Prize Committee said about rent control:

It is "The best way to destroy a city, other than bombing."

Yep that sounds like liberals, socialists, antifa...always wanting to tear things down based upon false premises.

a reply to: sligtlyskeptical

Nah, I've interacted with TrueBrit enough to know that he loves to preach his approach to life as the way that things SHOULD be, but I will entertain the fact that I misconstrued his tone and that he was "just saying..."

But it's still a terrible way to approach the point, saying that laws should be passed forcing companies to take tax increases out of their profits only. That's insane--that gives the government the power to bankrupt companies at will, and that would be utterly asinine to provide the government with such power. (and that doesn't even get into the issue of government having too much control over private businesses, which should be able to price things as they deem appropriate for the market and/or in response to government taxes and regulations)

As for the rest of your comment, profits do not dictate salary, skills and supply/demand in the job market do...and that's okay. Here where I am, we have a lot of warehouse jobs (Wayfair, Ebay, Amazon, FedEx, UPS, etc.), and they start with pretty decent wages (upper-teens/hour), and that's forcing fast-food and other starter-job places to increase their wages to compete. The market is doing as it should--there's no need for anyone to base pay on profits or have the government force businesses to eat higher taxes out of their profits.