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> was meant to stop businesses and the rich from paying real property taxes like so many public policy, and fiscal policy decisions.. there is not one single a
by mistrial9 3y ago
> was meant to stop businesses and the rich from paying real property taxes
like so many public policy, and fiscal policy decisions.. there is not one single answer. Firebrand curses at "the rich" do nothing about the serious and long-lasting effects. The truth is that in the USA, many ordinary people own very valuable assets, their home. While in other developed countries this is not the case.
Prop. 13 was very successful at doing exactly what it says on paper - locking very valuable, increasingly valuable assets, on a path of low tax. This made winners and losers. Not all the winners were "the Rich" and therefore it is useful to look more carefully at the fabric of facts.
- Dig1t 3y agoWell said, this is not a black and white issue. Also prop 13 was a proposition, which means it was the result of a popular vote put directly to the people. The California proposition system is one of the most democratic institutions in the US, as it is basically a form of direct democracy. The people of California voted for prop 13 by a sizable majority. If you believe democracy is a good thing, it's hard to fault this, the people voting to limit their own taxation is basically one of the founding principles of the United States.