3 ms·
One of my biggest issues with Prop 13 is that it suggests that you should have a claim a municipal government in perpetuity. Huge amounts of the value of land i
by tbihl 10y ago
One of my biggest issues with Prop 13 is that it suggests that you should have a claim a municipal government in perpetuity. Huge amounts of the value of land in towns and cities comes from the services provided by the city government, and I think Prop 13 pretends this couldn't possibly be true.
I also think it would be an absurd argument to make. If those people had no desire for services, they would have bought/built houses well North of the bay area, or South of San Francisco in some place like moss landing. And I don't think it's worth preserving that delusion at the cost of perverse incentives, waning tax revenue, and a massively illiquid housing market.
Granted, this is not all that's needed to fix the problem (even moreso in CA, which has some really bad barriers), but I don't think moving in the wrong direction will get us where we need to be.