@metamatt yeah, property taxes going to local schools is a pretty potent recipe for perpetuating inequality.
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we equalized school funding through Serrano v Priest and then CA home voters burned the entire thing down with Prop. 13
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@metamatt taxes aren't charity -
True, they aren't. But with charitable deduction on income tax, it's kind of like charity counts as taxes.
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@metamatt you assume that rich people are biggest benefactors of prop 13. Largest are low income elderly. No $$ to spare. -
the biggest losers were future Californians bc tax savings capitalized into housing asset values
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@metamatt how are 'tax savings' being calculated?Thanks. Twitter will use this to make your timeline better. UndoUndo
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