What about how Prop. 13 was a windfall for incumbent property owners and enriched the old by sacrificing the future? https://twitter.com/48hills/status/732072289286545408 …
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The main problem with concern for stability is that less blunt measures permit lobbying that undoes the purpose of the taxes.
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Think of it as the inverse, dark side of having to have universal social provisions like Social Security rather than any means
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