2 ms·
People whose parents didn't win the housing lottery by buying in Cali 30 years ago but whose parents are from (yegads) Nevada or even (chortle) the other coast
by MagnumOpus 10y ago
People whose parents didn't win the housing lottery by buying in Cali 30 years ago but whose parents are from (yegads) Nevada or even (chortle) the other coast and who don't have either Prop13 protection or a convenient million dollar home to hand - but who are the ones who actually pay for all the public services in Cali with their taxes?
(I live half a world away from there and really don't have a horse in that race, but you have to be wilfully blind not to see both the injustice and the economic inefficiency.)
- zepto 10y agoSo instead we should shift the benefit to the people who would be able to afford giant property taxes? I.e. Another set of incredibly privileged people. What on earth is fair about taxation based on property value anyway? Other countries e.g. the U.K. do it by property size and the implied use of services. Why shouldn't it be possible to buy a home safe in the knowledge that you won't be forced out because of the choices of people around you that you have nothing to do with? If you're going to talk about random lotteries - why aren't you taking about raising taxes on people who made paper money from other unsold assets that happen to have appreciated dramatically in the last 30 years?