More housing would also massively improve the cost of living in California. Estimates put housing expanse at nearly 50% of monthly income in San Francisco. The usual is 30%.
High housing cost is also the cause of all the other high costs. It's a regressive expense, so all workers need much higher incomes to live here. It makes restaurants, grocery, and car mechanics more expensive.
CA taxes aren't even that high, the total tax by percent of state income is only 11%, rank 6 in the nation. "Low" tax states like Arizona and Nevada are 8.8% and 8.1% respectively.
Dropping our housing cost to the national average would save you twice as much as eliminating all California income and sales taxes.
High housing cost is also the cause of all the other high costs. It's a regressive expense, so all workers need much higher incomes to live here. It makes restaurants, grocery, and car mechanics more expensive.
CA taxes aren't even that high, the total tax by percent of state income is only 11%, rank 6 in the nation. "Low" tax states like Arizona and Nevada are 8.8% and 8.1% respectively.
Dropping our housing cost to the national average would save you twice as much as eliminating all California income and sales taxes.
https://files.taxfoundation.org/legacy/docs/State-Local_Tax_...