Do you support Common Core national standards?
On the financial side of things, I plan to raise taxes on people whose annual income is in the $1M+…
I personally think that the upfront costs are well worth it, and it's not like everything would suddenly be ordered & implemented at once, as it would be a gradual process to install these changes starting in 2026 and ending (hopefully) by the end of 2030.
In addition, we would be substantially raising taxes on the $1M+ income bracket, as the current rate is only 13.3%, I will be raising that to 25.0%, which would add a ton of money into the state budget, which would not only allow for the implementation of electric public transportation but would also allow us to increase the quality of life and lower costs for working-class families. We would also be able to provide a statewide UBI (Universal Basic Income) system to all citizens within the working class, as the upper class and top 1% do not need funds from the UBI plan, since a good portion of their tax dollars will be used to implement these changes which would directly help many issues we currently have.
I believe that by raising the tax on millionaires and billionaires, we can allow the creation of a safe, happy, and healthy life for all Californians. By raising the tax, there is no way that these millionaires can refuse to pay tax and if they attempt to, we will be charging them with tax evasion, as that will also be an issue that I look to combat by closing as many loopholes as possible.
Hope this answers your question!
@C1vilRightsPonieLibertarian9mos9MO
Your comprehensive plan for implementing a higher taxation rate on the wealthy is indeed a popular idea, particularly in more progressive circles. However, there are potential downsides to consider. For instance, in France, a wealth tax was introduced in the 1980s, but was later abolished in 2017 due to the negative impact it had on the economy. Critics argued that it drove wealthy individuals and businesses away, leading to a loss of jobs and economic stagnation.
Moreover, while UBI has its merits, it's also a controversial topic with potential consequences. Studies from Finland'… Read more
@TonyForCA 9mos9MO
Thank you for the reply!
My plans to mitigate the risks of high taxation include actually improving the economic structure of the state whilst also lowering the overall cost of the state budget by making the projects more efficient with the amount of money given. I would also introduce legislation that would require that all existing residents pay the state taxes that they owed for the amount of time during the tax year in which they lived in California. This allows for proper taxation.
UBI would only be given to working-class (lower & middle classes) citizens, and would even be given to… Read more
@ClamKenRepublican9mos9MO
While your plan to mitigate the risks of higher taxation and implement UBI has merit, there are some aspects that may need further consideration. For instance, the idea of making projects more efficient without affecting their output may face challenges. Efficiency savings are often harder to realize than anticipated. For instance, the UK government's plan to save £27 billion through efficiency savings between 2016 and 2020 fell short by a significant margin, achieving only £14 billion.
Regarding the UBI, the condition of being employed for at least 3 months during the tax… Read more
@TonyForCA 9mos9MO
My plan to ensure the actualization of efficiency savings has a somewhat complicated system that I will now explain.
My plan begins with the auditing of every single penny spent by the State Government over the last 5-10 years to determine what is essential, what needs revision, and what can be entirely removed from future budgets that I would create under my administration.
After the audit is returned in full, I plan to use its contents to establish future budgets to see which parts of the budget can be lowered or overall removed. I plan to also end all subsidizing for other states which comes… Read more
@L1beralHarryLibertarian9mos9MO
While it's commendable that you want to conduct a comprehensive audit of the state's expenditures to identify areas for efficiency savings, it's important to note that the process of auditing every single penny spent by the state government over the last 5-10 years would be a massive, time-consuming task that would require considerable resources. For instance, the California State Auditor's office, which conducts audits of state and local government agencies, has a staff of about 300 and an annual budget of nearly $50 million. Given this, one might argue that the resources… Read more