California, a feudal, inherited state. Don't sell your house bc your kids, grandkids can keep your 70s-era tax rates http://www.lao.ca.gov/Publications/Report/3693 …pic.twitter.com/25sRais4CX
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Deferral until sale is my hobby horse. Just apply it to everyone so no one bitches about their taxes going up in the near-term.
...and get rid of the ability to pass on the lower tax rates to your children. God, that's horrendous.
People and groups of people will dress up naked self-interest in all sorts of noble attire.
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