5 ms·
Some extra color on Prop 13; a more sinister view is that it was a time bomb designed to "starve the beast" and limit tax revenues in the future.
by bigdubs 8y ago
Some extra color on Prop 13; a more sinister view is that it was a time bomb designed to "starve the beast" and limit tax revenues in the future.
- jjeaff 8y agoCalifornia doesn't seem very interested in starving the beast overall. So it seems unlikely the motivation of this prop was that.
- bigdubs 8y agoIf that was the prevailing opinion, and your goal was to limit tax revenue, you would need to get creative and Prop 13 is just that.
- johnmyleswhite 8y agoProp 13 passed when California was a red state: http://www.latimes.com/projects/la-pol-ca-california-voting-history/ http://www.latimes.com/projects/la-pol-ca-california-voting-...
- jjeaff 8y agoAnd the prevailing reason for that prop (and the reason it passed) was to keep from pricing the elderly out of their homes. Not "starving the beast".
- claydavisss 8y agoWhat time bomb? California tax receipts showed a $9 billion surplus this past tax year. The state is collecting more revenue than ever.