This is how California (and America) really works.https://twitter.com/mdlevinson/status/764164660006260736 …
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Replying to @kimmaicutler
1/ Oversimplification. Post-WW2 homeowners were middle class, able to buy homes on income from blue collar jobs.
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Replying to @KenGoldsholl
and they were heavily federally subsidized by the U.S. government with veterans loans, and other mortgage tools.
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Replying to @KenGoldsholl
the children of those families are the heirs who benefit today.
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Replying to @kimmaicutler
"generations of heirs" is what I responded to.Not arguing abt unfair policies in 40s/50s, but most suburb homeowners not heirs
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Replying to @KenGoldsholl
we cut our inheritance taxes in the early 1980s and made low tax assessments transferable between generations.
12:03 PM - 12 Aug 2016
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