importantSYS.SOURCE: Center for Land Economics• 2026-09-24T20:34:32Z
California's Billionaire Wealth Tax vs. Land Value Tax Analysis
The article critiques California's proposed billionaire wealth tax, arguing it is ineffective due to wealth flight, and advocates for a land value tax as a stable, larger, and more reliable revenue source. It highlights the failure of current property tax systems, rooted in Proposition 13, and emphasizes the untapped potential of land value taxation.
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