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< It does not help that most politicians are from the middle upper class and own large amounts of property. Few will have the courage to devalue their own net w
by nugget 11y ago
< It does not help that most politicians are from the middle upper class and own large amounts of property. Few will have the courage to devalue their own net worth by double digit percent. >
This is the real reason. As I've mentioned on other threads, California's main business is and always has been real estate.