Prop. 13 protects homeowners, but it also messes up a lot of other incentives.
it sucks. But CA homevoters are a *huge* pt of the degradation of the state. It touches everything. Prisons http://www.academia.edu/22181311/Are_All_Politics_Local_A_Case_Study_of_Local_Conditions_in_a_Period_of_Law_and_Order_Politics …
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it doesn't make any sense.
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