3 ms·
Of course it excludes real-estate. In California the only legitimate wealth is the land you inherit.
by AbrahamParangi 6y ago
Of course it excludes real-estate. In California the only legitimate wealth is the land you inherit.
- zaroth 6y agoWhere do you see that? It’s on “worldwide net worth”. That includes real estate.
- SpicyLemonZest 6y agoThe bill says: > 50306. Worldwide net worth shall not include any real property directly held by the taxpayer. (It does include real estate held through an LLC, though, so any smart commercial landlord is still going to be subject to it.)
- ericd 6y agoChrist. Their broken property tax system is a big part of their problems, and they’re still avoiding it.
- raverbashing 6y agoNIMBYism or in English: F the younger generation, we got ours But who knows who'll pay for the extortionate rents if the whole thing falls apart
- jamiesonbecker 6y agoNothing like old money.