The wealth of the industry floats California’s general fund, but the municipalities don’t have sustainable revenue generation or predictable liabilities.
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A tax on gross/net rents IS NOT precluded under Prop 13. A 5% tax on gross/net rents = ~3% tax on property FMV. Wish you'd get off "Repeal Prop 13" kick & push taxes on gross rents. They're mainly equivalent & a gross rents tax DOESN'T potentially displace lower income homeowners
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