7
CA economy not doing so hot? (fedia.io)
submitted 5 months ago by to c/california@lemmy.world
4 comments fedilink hide all child comments
 

I've seen a few worrying events in the past few days.

  • East Bay Area School district is talking about closing campuses, merging schools, selling of property, and $100M deficit over next 3 yrs
  • San Francisco School district sounding about the same
  • BART talking about closing a significant number of stations
  • CA budget deficit

It's stunning to me that all this is going on and somehow we're still not talking about increasing taxes on the wealthy or corporations.

all 4 comments

sorted by: hot top controversial new old
[–] 3 points 5 months ago

Haha, tax the wealthy and corporations? That's rich...

  • permalink
  • fedilink
  • source
    •
    [–] 1 point 5 months ago (1 child)

    https://amp.sacbee.com/news/politics-government/capitol-alert/article314632793.html

    https://www.latimes.com/california/story/2026-02-10/sen-bernie-sanders-california-billionaires-tax-campaign

    https://www.bloomberg.com/news/articles/2026-02-10/california-wealth-tax-fears-have-billionaires-snatching-up-florida-real-estate

    https://www.nbcnews.com/politics/elections/democratic-fault-lines-emerge-californias-billionaire-tax-proposal-rcna255184

  • permalink
  • fedilink
  • source
  • hideshow 2 child comments
    •
  • [–] [S] 1 point 5 months ago

    I'm aware of that proposal - however at least according to the school board presentation I saw, it wouldn't end the problem with the district's budget. And BART is pinning their hopes on a sales tax - one of the most regressive taxes possible. I think there's more room to go.

  • permalink
  • fedilink
  • source
  • parent
    • [–] 1 point 5 months ago

    Schools have to deal with some outrageous swings in demographics. Not always economic. And the state budget ebbs and floods, we had a surplus a few years ago. Anyway the rich should be taxed even more, and we should limit property ownership to residents. But I’m not sure you provided evidence about the economy of the state.

  • permalink
  • fedilink
  • source
    •