California's $1B Mansion Tax HAUL — Where Did 90% VANISH?!
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California's $1B Mansion Tax HAUL — Where Did 90% VANISH?!
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About this listen
California is boasting about raking in over $1 billion from its 'mansion tax' on high-end property sales, specifically in areas like Los Angeles. However, critics are questioning where the vast majority of the money is actually going. While the funds were earmarked for homelessness and rental assistance, a mere fraction of the revenue is clearly accounted for in related programs. This lack of transparency is fueling concerns that the money is either stuck in bureaucratic red tape or being diverted to other less visible projects. This situation raises serious questions about California's fiscal responsibility and whether these progressive tax initiatives are truly benefiting those they are intended to help, or simply expanding the state's coffers with little accountability.