It is so many levels of political dumb for a top-tier investor to be donating to this campaign (not to mention the cruel part).https://twitter.com/juliacarriew/status/786212279217815552 …
if you effectively allow the incumbent land owners to capture *all* land upside w/ no contribution back, it
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massively increases the value of land parcels, making them too expensive to public entities to acquire for things like
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permanent supportive housing.
End of conversation
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yes! Prop. 13 destroyed California's tax base, and it was passed due to Libertarian marketing to homeowners.