California is super-expensive, but it's partly because it stiffs newcomers, next generation to keep costs down for Prop. 13 beneficiaries.https://twitter.com/alon_levy/status/792750108714696710 …
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Replying to @kimmaicutler
@alon_levy Senior citizens were being taxed out of their homes before prop 13. You want to throw grandma out on the street?2 replies 0 retweets 0 likes -
Replying to @muckdog @kimmaicutler
When grandma thinks she's entitled to a $1 million property and not pay taxes on it? Yes.
1 reply 0 retweets 6 likes -
Replying to @alon_levy @kimmaicutler
Wow. Well truth be told she does pay property taxes based on purchase price and that can go up 2% a year.
1 reply 0 retweets 1 like -
Replying to @muckdog @kimmaicutler
Purchase price? Great. What other property do I get to pay taxes on based on how much it was worth 50 years ago?
2 replies 0 retweets 3 likes -
Replying to @alon_levy @muckdog
lots of ways to recapture unearned increases in land value for public benefit, affordability w/out destabilizing
2 replies 0 retweets 4 likes -
Replying to @kimmaicutler @alon_levy
They've already made an end around Prop 13 with reclamation districts, Mello Roos, bond repayments, and other stuff
5 replies 1 retweet 1 like
those are not sufficient and were limited in pt because they were eating into K-12 revenue after the recession.
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