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Bingo. Prop 13: http://en.wikipedia.org/wiki/California_Proposition_13_%281978%29 http://en.wikipedia.org/wiki/California_Proposition_13_%2819...
by joshu 17y ago
Bingo. Prop 13: http://en.wikipedia.org/wiki/California_Proposition_13_%281978%29 http://en.wikipedia.org/wiki/California_Proposition_13_%2819...
- gaius 17y agoThe alternative to Prop 13 is that people who lived their whole lives in CA can't afford the taxes to retire there.
- joshu 17y agoThis is an interesting line of thought, but you'd be better off if you followed it to its conclusion. Assuming the same level of property taxes, others must pay more, making the state unattractive long-term. Does this mean overall tax revenue declines eventually? This statement is true for everywhere, not just CA. Why should it be different here?