Time to remind everyone again that @UofCalifornia had no tuition until voters passed Prop. 13 and cut property taxes. (Yes, a previous generation chose to indebt you so they could have overvalued houses.) https://twitter.com/kimmaicutler/status/1070204442966818817?s=21 … https://twitter.com/annehelen/status/1094259607780831232 …
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I’ll just put the
@sfchronicle newspaper clipping from 1978 here.@jerrybrowngov told us so!pic.twitter.com/SSySywuwgS
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Kim-Mai Cutler Retweeted Kim-Mai Cutler
Oh here’s my historical thread. A seismic re-ordering of wealth distribution in American society occurring in the span of a few months in the late 1970s.https://twitter.com/kimmaicutler/status/1070206514885849088?s=21 …
Kim-Mai Cutler added,
Kim-Mai CutlerVerified account @kimmaicutlerNever forget. From a May 20, 1978 newspaper clipping. Universities used to be free in California until the homeowners cut and capped their property taxes 40 years ago. That generation of voters chose to indebt you in your tuition and housing costs. https://twitter.com/kimmaicutler/status/1070204442966818817 …Show this thread3 replies 48 retweets 133 likesShow this thread -
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Replying to @stevesi
Depends on when you bought. Also state rank 47 seems kind of indicative.pic.twitter.com/6VtQ9K6q8Z
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Replying to @stevesi
Overall including income? Or just property tax. If we had a different rate structure, that would also be reflected in lower property values and more public capture of unearned land increment for schools and infrastructure.
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Replying to @stevesi
You’re looking at WalletHub’s ranking, which just looks at the rate on the median priced home across the whole state and doesn’t factor in caps tied to price originally paid.
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Prop. 13 in reality looks more like this:pic.twitter.com/0pdK0Yn8im
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