Do you think California will never raise it above 0.4%? This is just a test, if it gets them money it'll surely go much higher. This is a bandaid over Prop 13.

Do you think California will never raise it above 0.4%? This is just a test, if it gets them money it'll surely go much higher. This is a bandaid over Prop 13. We should tax land more instead of having high income taxes, economists agree the land value tax is the most efficient tax.