A DEI Green New Deal Hydrogen Bomb

[IsailedawayfromFR]

Could this be the underlying reason we see all these fires?  To increase the tax base?

A DEI Green New Deal Hydrogen Bomb
By Clarice Feldman
Given the giant web of bureaucracies regulating the construction of housing in California, it will be a long time, if ever, before the burned-out areas will be able to be reconstructed. And when and if they are, those homeowners will be hit with massive taxes (taxes which will continue to be allocated for everything but essential services, if history is a guide.)

What another AMAZING “coincidence” California had just passed new tax laws, if your home burns down and you don’t rebuild within 2 years (impossible in California) you lose your tax basis. Your property taxes SKYROCKET to the new values of the property “Think about a home that was purchased many years ago for $5 million. Let's say they were paying $65,000 a year in property taxes. Property goes up a lot over time, especially in these areas. Maybe the value today is $30 million. They go to rebuild it. If it was not, if they couldn't transfer the tax basis, you're looking at like $400,000 a year that they would have to pay” “In 2020, California voters approved a bill that basically said that if your house burns down in a fire, you can transfer the tax basis of that property to something that you buy or something that you build. But you only have two years to do it.” So some of the most expensive homes and properties the entire world now will get reassessed to pay maximum property tax values.
https://www.americanthinker.com/articles/2025/01/a_dei_green_new_deal_hydrogen_bomb.html

[PeteS in CA]

Could this be the underlying reason we see all these fires?  To increase the tax base?

Clarice Feldman should be above ludicrous conspiracy theories like this. The idea that the thousands of officials at various levels and departments and firefighters would all participate in such a scheme is monumentally stupid.

[IsailedawayfromFR]

Clarice Feldman should be above ludicrous conspiracy theories like this. The idea that the thousands of officials at various levels and departments and firefighters would all participate in such a scheme is monumentally stupid.

So what is this new tax law? @PeteS in CA

Is it correct one loses tax basis if one does not rebuild in 2 years?

[PeteS in CA]

So what is this new tax law? @PeteS in CA

Is it correct one loses tax basis if one does not rebuild in 2 years?

Irrelevant. The idea that the tax law change - if there was one - and the fires were a coordinated conspiracy is ludicrous.

[DefiantMassRINO]

They can't collect money from people who are broke or declare bankruptcy.

The bigger issue is the disruption of the local and state tax revenue streams.

[IsailedawayfromFR]

Irrelevant. The idea that the tax law change - if there was one - and the fires were a coordinated conspiracy is ludicrous.

Likely not connected other than coincidence.

Noted that is not an answer to my question, though.

Am really interested in why this law, if it exists, was in place.  It is for only houses burnt down or can other causes, eg, earthquake-related also be under the same mandate to rebuild in 2 years?

Suspiciously looks like a way to improve the tax base the way it is being presented. @PeteS in CA