This entire interview and zero mentions of Prop. 13 and its historical relationship to subsequent changes in the federal and California state tax code. Okay.https://twitter.com/Recode/status/1108312272340992001 …
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CA relies on income (high volatility) and sales (highly regressive) taxes *because* it can’t deal w the property tax issue.
Agree CA Leg @LAO_CA has no interest in taking on Landlords and property Speculators, but a gross receipts tax on rents and ending Billion-dollar Landlord tax subsidies (interest write-offs, phony depreciation, tax-free exchanges, step-up in tax basis) aren't affected by Prop 13.
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