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A land value tax would fix this - the more land appreciates in value, the more property tax the owner would pay to the public coffers. California would also ha
by nugget 7y ago
A land value tax would fix this - the more land appreciates in value, the more property tax the owner would pay to the public coffers. California would also have to repeal proposition 13 which limits property tax increases. Proposition 13 is one of the biggest giveaways to the wealthy in the history of US tax policy.