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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Replying to @kimmaicutler
and a tax on wealth over 1 bullion would fund housing in all us cities
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Replying to @timredmondsf
I am not disagreeing with progressive taxation. However, without fixing land-use, land taxation norms in California, any
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Replying to @kimmaicutler @timredmondsf
under the current regime, a disproportionate amount of economic value is simply being sucked into land.
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Replying to @kimmaicutler
is reassessing the taxable value of the property a thing anywhere in the US? That's how it works in Spain.
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Replying to @grotuk
everywhere except for the dozen or so states that followed California's taxpayer revolt.
10:14 PM - 15 May 2016
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