Prop. 13 taxation inequities have *a lot* to do with the inability to finance basic services. If you can't talk about that,
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Replying to @kimmaicutler @juliacarriew
you're not seeing the whole picture.
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Replying to @kimmaicutler @juliacarriew
it has a lot to do with the housing affordability crisis. Low effective tax rates per sq ft is like turning on a giant kliegpic.twitter.com/a4lxgHpRf2
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Replying to @kimmaicutler @juliacarriew
light for global capital to park itself into California land. Low tax rates in perpetuity, scarcity enforced by zoning.
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Replying to @kimmaicutler
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@kimmaicutler@juliacarriew
yes! Prop. 13 destroyed California's tax base, and it was passed due to Libertarian marketing to homeowners.1 reply 0 retweets 1 like -
Replying to @jhamby
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@kimmaicutler@juliacarriew it's kept the state government struggling to balance their budget, and forces them to use more regressive tax.1 reply 0 retweets 0 likes -
Replying to @jhamby
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@kimmaicutler@juliacarriew I sympathize with property owners who have other expenses, but Prop. 13 seems a very regressive tax policy.
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Replying to @jhamby @juliacarriew
it's demonstrably regressive. The Legislative Analyst's Office found so. http://www.lao.ca.gov/Publications/Report/3497 …pic.twitter.com/qtwEU4dSTd
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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.
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