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The original commenter obviously meant "systemic" racism, and you're not discussing in good faith if you're trying to misinterpret this. Ditto when you digress

by ummonk 5y ago

The original commenter obviously meant "systemic" racism, and you're not discussing in good faith if you're trying to misinterpret this. Ditto when you digress about calling people racists when no one in this thread has done that. As to estate tax exemptions, they aren't nearly as egregious. There can certainly be an argument for reparations of ill-gotten gains to level the playing field, but it's at least possible for me to accumulate wealth myself and pass it on to my children. In contrast, it's simply impossible for me to acquire and pass on the same property tax rate that my white neighbors have.

zaroth 5y ago
I guess to me the words matter, and calling it “systemic racism” means that somewhere in there, there should be identifiable racism and not merely structural inequity, aka property ownership and capitalism. I think saying you can’t go back in time and capitalize on an investment 60 years ago that also comes with an accrued property tax advantage is true, but has nothing to do with race. Anyone can start accruing their own tax advantaged status under the exact same Proposition, and no one can ever try to take it away from them on the basis of a protected trait, right? I guess what I’m asking is, is there anything specific about this tax policy that accrues benefits to a historical capital investment which makes it “racist” over any other tax policy that accrues benefits based on historical capital investment? There are so many race neutral policies that provide accrued benefits like this. Even social security benefits accrue based on historical wages. But also things like Roth IRAs which provide compounded tax free growth. You can’t contribute the same dollars today to a Roth IRA and get the same tax advantages as someone who contributed the same amount but over the last 60 years, the benefit can only accrue over time, just like the CA property tax benefit can only accrue over time. Not everyone pays the same tax rate on their income or their property, nor are they provided the same level of government benefits. In many cases that tax rate or benefit level will be based on historical personal or family wealth. Often times it works out to be a progressive tax, sometimes it’s regressive depending on so many policy goals that are often in conflict with each other. Simply put, any of your neighbors who have owned their (family) property for several decades have accumulated a several thousand dollar a year tax benefit for being a long-time owner. You too can accrue a several thousand dollar a year tax benefit the longer that you hold your property. You don’t get to buy in and get that benefit on Day 1, and neither did they.

by ummonk 5y ago

zaroth 5y ago

I guess to me the words matter, and calling it “systemic racism” means that somewhere in there, there should be identifiable racism and not merely structural inequity, aka property ownership and capitalism. I think saying you can’t go back in time and capitalize on an investment 60 years ago that also comes with an accrued property tax advantage is true, but has nothing to do with race. Anyone can start accruing their own tax advantaged status under the exact same Proposition, and no one can ever try to take it away from them on the basis of a protected trait, right? I guess what I’m asking is, is there anything specific about this tax policy that accrues benefits to a historical capital investment which makes it “racist” over any other tax policy that accrues benefits based on historical capital investment? There are so many race neutral policies that provide accrued benefits like this. Even social security benefits accrue based on historical wages. But also things like Roth IRAs which provide compounded tax free growth. You can’t contribute the same dollars today to a Roth IRA and get the same tax advantages as someone who contributed the same amount but over the last 60 years, the benefit can only accrue over time, just like the CA property tax benefit can only accrue over time. Not everyone pays the same tax rate on their income or their property, nor are they provided the same level of government benefits. In many cases that tax rate or benefit level will be based on historical personal or family wealth. Often times it works out to be a progressive tax, sometimes it’s regressive depending on so many policy goals that are often in conflict with each other. Simply put, any of your neighbors who have owned their (family) property for several decades have accumulated a several thousand dollar a year tax benefit for being a long-time owner. You too can accrue a several thousand dollar a year tax benefit the longer that you hold your property. You don’t get to buy in and get that benefit on Day 1, and neither did they.