4 ms·
California has prop 13 which results in property taxes not keeping up with assessments.
by ummonk 8y ago
California has prop 13 which results in property taxes not keeping up with assessments.
- zeroonetwothree 8y agoTo be fair, just because the marginal house sells for more doesn't mean that providing local services is commensurately more expensive.
- carbocation 8y agoSure, but Churchill's point above is, "... he contributes nothing to the process from which his own enrichment is derived." The more out of step taxation is with wealth creation, more accurate that point becomes. Whether or not that's a bad thing can be reasonably debated, I think.
- heavenlyblue 8y agoReally? What about heavily contributing to the devaluation of the money paid to keep said services running?
- pjc50 8y agoIt does however mean that house prices for staff are more expensive, so they need to be paid correspondingly more, and staff costs are a very large fraction of the cost of services.
- landryraccoon 8y agoIn the case of expensive urban areas it kind of does. High housing costs mean that literally everything in an area is more expensive. All services and all goods require human labor - people to load and unload trucks, stock shelves, stand behind registers, prepare goods and services etc.. High rents are a massive transfer of wealth over time from everyone else to landlords. So yes, increased housing costs do make all local services cost more, at the expense of the general public and for the benefit of landlords.
- the_watcher 8y agoSure, but it still negates the argument that landlords don't contribute towards shared services at all.
- CalChris 8y agoLandlords like the Peery Arrillaga have owned their land from before Prop 13. They pay virtually nothing in property taxes for it.
- the_watcher 8y agoLess than what they'd pay if they bought now (or than they should pay, either works) still negates the argument that landlords don't contribute in any way.