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In practice, California's method entrenches wealth.
by scarejunba 8y ago
In practice, California's method entrenches wealth.
- aey 8y agoDoes it? Nothing to do with that massive tech industry? Seattle is a socialist paradise I take it? If you can get all the Google engineers to go on strike unless Mountain View agrees to build 50,000 homes, it will be done over night.
- scarejunba 8y agoHonestly don't know what you're on about. Grandfathered-in property taxes definitely entrench wealth more than "everyone pays current rate" or "everyone pays past rate". I'm not trying to explain housing prices here. I'm talking about the innate behaviour of Prop 13.