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Trying not to throw the older/helpless out into the street. Its no fault of theirs that the house they own increased from $40k to $3M(know 2 elderly people in t

Trying not to throw the older/helpless out into the street. Its no fault of theirs that the house they own increased from $40k to $3M(know 2 elderly people in this exact situation) and they would now incur a gigantic tax bill(if prop-13 was repealed). They could sell but would most likely be forced to move out of the area and away from all family/community and would be devastating to a person of advanced age or who was disabled. Also the thinking would be "oh they will have so much money!", #1 the majority of the windfall would be taxed at max tax rate, and #2 I imagine people preying on these forced out older "millionaires" ie. family members and con artists.

abduhl 5y ago
Who cares if they're taxed at the max tax rate? One of the main effects of repealing Prop 13 would be to start actually collecting taxes. I don't think that the fact that people who are forced out (because they can't pay their yearly taxes) now have to pay taxes, which they CAN pay because they're now liquid, something we should be concerned about after making the decision to repeal Prop 13? Old people get a lot of protections. Protections they put in place themselves. Prop 13 is one of those protections. Perpetuating it just means that the protections will never go away. Maybe they can just move in with their children - the ones that are apparently a driving factor of why they can't leave the region.
- treeman79 5y ago
  California collects plenty of taxes. It doesn’t need more. It’ll just blow it on more trains that don’t run or such. 100% tax rate would not be enough for many politicians.
  - egberts1 5y ago
    Trains that don’t even reach their intended destinations. 45-minute to 1-hour drive to a nonexistent but planned train stations times TWO (for end-waypoints) just to enjoy a two-hour (or less) time-saving trip across the California farmland makes about much sense as skydiving off a plane to reach your destination.
Dylan16807 5y ago
That doesn't really answer my question. For older retirees, they can get money out of the house without having to move in their remaining years. The tax will be proportional to the value, so the numbers cancel out. For someone that's disabled, are we helping equivalent renters too? Or only the homeowning disabled? And I feel like this is a bad way to help them in general.

abduhl 5y ago

Who cares if they're taxed at the max tax rate? One of the main effects of repealing Prop 13 would be to start actually collecting taxes. I don't think that the fact that people who are forced out (because they can't pay their yearly taxes) now have to pay taxes, which they CAN pay because they're now liquid, something we should be concerned about after making the decision to repeal Prop 13? Old people get a lot of protections. Protections they put in place themselves. Prop 13 is one of those protections. Perpetuating it just means that the protections will never go away. Maybe they can just move in with their children - the ones that are apparently a driving factor of why they can't leave the region.

treeman79 5y ago
California collects plenty of taxes. It doesn’t need more. It’ll just blow it on more trains that don’t run or such. 100% tax rate would not be enough for many politicians.
- egberts1 5y ago
  Trains that don’t even reach their intended destinations. 45-minute to 1-hour drive to a nonexistent but planned train stations times TWO (for end-waypoints) just to enjoy a two-hour (or less) time-saving trip across the California farmland makes about much sense as skydiving off a plane to reach your destination.

Dylan16807 5y ago

That doesn't really answer my question. For older retirees, they can get money out of the house without having to move in their remaining years. The tax will be proportional to the value, so the numbers cancel out. For someone that's disabled, are we helping equivalent renters too? Or only the homeowning disabled? And I feel like this is a bad way to help them in general.