But I still don't get the point though.. unless of course you are arguing that a non-Prop-13 world would have reduced tax for everyone under 1%. That isn't goin

But I still don't get the point though.. unless of course you are arguing that a non-Prop-13 world would have reduced tax for everyone under 1%. That isn't going to happen. we have never reduced taxes in Californa :) Now let us look at it from the other side 1. The family, probably unfairly, benefited from not having to pay the full tax for so long. 2. In scenario that you mentioned the kid just inherited a $1m+ house. What part of it makes him poor that he can't pay the new property taxes? Sure, they might choose to cash out and go live somewhere else because it makes financial sense for him, but that is not `an unfortunate` situation at any stretch. 3. I know there are significant cost-basis advantage here, in additional to all the wealth just inherited, but I don't know enough about it yet.