The public dialogue will not contemplate enacting higher taxes.
- Revenue to the California state government needs to be substantially increased.
The problem with raising the basic tax rate for all is how to do it fairly and evenly. I favor raising the sales tax rate to 11%, and then doing adjustments and credits at the level of the state income tax.
- Real estate in California over a 40 to 50 year period has become over valued by 40-50%.
The entire state (indeed the entire nation) is caught in this unpleasant state of affairs. Nobody enjoys the vanished "wealth effect" that ended when property price appreciation stalled out in 2007-2009.
The over valuation of real estate (I refer mainly to homes) is the root of a cascade of problems.
One of these problems is the large amount of mortgage debt. The nation hasn't yet started to have a dialogue about how to get off of the hook of enormous mortgages that often require two working parent incomes.
From another point of view, critics describe the mortagage industry as about twice as big as it should be.
Another aspect of the over valuation is: Young adults starting a family can't afford a home. See "The coming collapse of the middle class" below.
Henry_George advocate of land value taxation
YouTube - The Coming Collapse of the Middle Class