In late January, a survey conducted by Data for Progress, a progressive activist group, found that an overwhelming majority of Californians favor increasing taxes on corporations to fund “a range of efforts to help” alleviate the homelessness crisis in California.
But California is already home to one of the highest state corporate income tax rates and one of the least competitive business climates in the country, according to the Tax Foundation. Not only would imposing additional burdens make the state even more unfriendly to business than it already is, more revenues will not solve the crisis.
There are more than 150,000 homeless people in California, enough to fill the Rose Bowl and Dodger Stadium, combined. It’s an appalling statistic, up by nearly 40,000 since its 2014 low point, and is the highest homeless count we saw while researching our new book “No Way Home: The Crisis of Homelessness and How to Fix It with Intelligence and Humanity.”
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