Babyboomers abused zoning, tax law to take an excessive share of CA's creative, economic engine via property values. https://twitter.com/hunterwalk/status/773996885480615942 …
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Replying to @kimmaicutler
@pmarca@hunterwalk@mike_greenfield not quite. Baby boomers were a small % of Prop13 voters even smaller % of property owners1 reply 0 retweets 1 like -
Replying to @jim_enloe @pmarca and
yes, under 24 swung 'No' on Prop. 13 in the 1978 elections. But no one has changed it and
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Replying to @kimmaicutler @jim_enloe and
deeply distorted both state, municipal finance, while aggravating the affordability issue.
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Replying to @kimmaicutler @jim_enloe and
because all land value gains are basically entirely captured by the incumbent prop. owner.
8:00 PM - 8 Sep 2016
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