3 ms·
Sorry, not familiar with CA politics ... is the subtext here that a land-value tax would be impossible without a constitutional amendment? Or that California al
by perpetualpatzer 8y ago
Sorry, not familiar with CA politics ... is the subtext here that a land-value tax would be impossible without a constitutional amendment? Or that California already enacted a 1% ad valorem tax in the 70s?
From what I can tell, Prop 13 seems generally popular[0], but could see an argument that it exacerbates the housing shortage in the Bay Area, so not sure which way you're pointing.
[0] https://www.ppic.org/wp-content/uploads/ppic-statewide-survey-californians-and-their-government-january-2019.pdf https://www.ppic.org/wp-content/uploads/ppic-statewide-surve...
- _jal 8y agoThat is my point, yes. And doing so is essentially impossible. It is popular among property owners, who have a huge interest in defeating any attack on it. (It was also slightly amusing to see a history-free call for more taxation in that particular rag, given tribal affiliations.) It does drive up housing costs. It also distorts commercial transactions weakens, local control, and generally casts a large shadow over, well, any conversation about taxation and anything taxation touches (like real estate) in California.
- perpetualpatzer 8y agogotcha. Thanks for the reply.