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Yep, Prop 13 is flagrantly unfair, but the general mechanisms by which land value rises is intrinsic to our system of land tenure. However, these windfall gain
by nwah1 9y ago
Yep, Prop 13 is flagrantly unfair, but the general mechanisms by which land value rises is intrinsic to our system of land tenure.
However, these windfall gains can be recycled into public coffers via the tax system and lighten tax burdens on productive activity.
As a nice bonus, it would make it much harder to be an idle landlord in a prime area... the physical equivalent of a patent troll.
- deleted 9y ago[deleted]
- Treblemaker 9y ago> Prop 13 is flagrantly unfair How do you define "fairness" in this context? * Edited to less confrontational question.
- nwah1 9y agoIt privileges long time titleholders over newcomers, in addition to the basic problem of land speculation being exacerbated, allowing random titleholders to capture even more of the gains of surrounding economic development that they, in their role as titleholder, played no necessary role in. In fact, by effectively being a tollbooth operator upon the prerequisites for economic development they are an active hindrance. Land titles are necessary, but it is not necessary that they keep the land rent, only the improvement values that they are responsible for.