I am no friend of Prop 13, but this is spot-on. It goes to show how hard it is to get the "right" economic incentives, and particular how f*ing insane it is to

I am no friend of Prop 13, but this is spot-on. It goes to show how hard it is to get the "right" economic incentives, and particular how f*ing insane it is to do this by ballot initiative.