If California matched Texas on taxing property, it would raise more revenue than the billionaire tax

Context

California is talking about a one-time 5% tax on billionaires. A new take says just copy Texas property tax rates instead. That move would bring in even more money for the state.

The Case For (Proposing View)

Honestly, taxing homes like Texas does is way smarter. Billionaires can hire lawyers and leave town fast. A tax on homes is steady and hard to dodge. It spreads the bill out instead of betting the budget on a few rich guys.

The Case Against (Opposing View)

Come on, this would crush normal people. Texas home owners pay big property bills every year. In California, that would mean higher rent and folks losing family homes. Why squeeze working families just to let billionaires off the hook?

Dr. Talkative’s Take

Honestly, taxing homes like Texas does is way smarter. Billionaires can hire lawyers and leave town fast. A tax on homes is steady and hard to dodge. It spreads the bill out instead of betting the budget on a few rich guys.