The Briefing Room
State Chapters => California => Topic started by: SZonian on December 27, 2018, 05:22:30 pm
-
Proposition 13 is untouchable.
That’s been the thinking for 40 years in California. Politicians have feared for their careers if they dared suggest changes to the measure that capped property taxes, took a scythe to government spending and spawned antitax initiatives across the country.
However, that is beginning to change. With Republican influence in California on the wane and ascendant Democrats making tax fairness an issue, advocates are confident that the time is right to take a run at some legacies of the 1978 measure.
High on their list: making businesses pay more and ending a sweetheart deal for people who inherit homes and their low tax bills, then turn a profit by renting them out.
excerpted
https://www.sfchronicle.com/politics/article/Proposition-13-is-no-longer-off-limits-in-13492400.php (https://www.sfchronicle.com/politics/article/Proposition-13-is-no-longer-off-limits-in-13492400.php)
-
FTA: "The generation of homeowners that grew up with Prop. 13 is well into retirement now, and some younger Californians blame flaws in the measure for everything from the underfunding of public schools to growing wealth inequality."
Yes, because they don't know that the Lottery was supposed to go towards education. Instead, Sacramento instituted the "offset" and reduced state spending for every dollar of lottery money used.
Not the homeowner's fault, but this too shall pass. Then those who have been arguing about whether the business climate in CA is onerous and causing a migration out will soon see the full effect of this.
-
IMO this has become an old wealthy white homeowner vs the new non-home owning California demographic issue. Its not hard to guess who's gonna come up on the sh*t end of the stick.