It went way beyond that intent. Not keeping up with inflation is a complete “fuck you” to everyone else who has to pay their fair share. It has nothing to do w

It went way beyond that intent. Not keeping up with inflation is a complete “fuck you” to everyone else who has to pay their fair share. It has nothing to do with speculators. There are people with multi million dollar homes in the Bay Area paying a few thousand a year in taxes because they bought in during the 70s. If they don’t want to pay the property taxes for the actual value, all of the profit from their home sale should go to the government as back payment for their societal delinquency. You can’t both claim that you’re just “being protected from speculators” while reaping the benefit of when you sell. Finally, most of the buyers in the Bay Area are not speculators. They are regular people looking for homes and prop 13 is fucking them by making them shoulder the majority of the tax burden. When one of my coworkers paid property taxes on his home in Sunnyvale for the first time, he paid more than the rest of the block combined despite all of the houses having roughly the same value. Complete insanity.