3 ms·
It's not just more taxes. It's that Prop 13 effectively means your taxes go down over time. This encourages people to stay in housing units as long as possible.
by Manuel_D 3y ago
It's not just more taxes. It's that Prop 13 effectively means your taxes go down over time. This encourages people to stay in housing units as long as possible. It also creates a big divide between people who bought early and those actually supporting the government through up-to-date tax rates. Most sickeningly is that privileged tax status can be passed parents and children, effectively creating a separate caste of people with lower taxes.
- khuey 3y ago> Most sickeningly is that privileged tax status can be passed parents and children, effectively creating a separate caste of people with lower taxes. Thankfully this was significantly curtailed by 2020's Proposition 19.