Originally posted by 1bad65
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California, were it to be a standalone nation, would have the 5th or 6th largest economy in the world.
Pay for it however they pay for it (the actual increase that could get through the legislature is far smaller than people think, and bond financing goes on to the ballot), it is still a capital project expenditure that has clear and tangible benefits to much of the whole state.
Housing the homeless who want to be housed eliminates most of the homelessness problem (and the issues that come with that) and filling the housing shortage lessons the amount of take-home pay percentage that is set aside to keep the roof over one's head.
Add that to the various transit projects (the extension of BART to San Jose would basically link all of the population centers of NorCal to be within a 2hr/$10 ride of each other; and there's still the high speed rail project, which has dreams of making SF-to-LA a three hour trip) and California is investing the resources needed to lead the next 50/100 years.
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