truedelphi
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Sun May-11-08 05:28 PM
Response to Reply #3 |
16. I imagine those that are supporting this see supporting it as a way to keep |
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A discussion of the end of Proposition 13 off the table.
I was for Prop 13 when it was enacted - who wanted Granma to have to live in a cardboard box under a freeway just because housing prices were escalating.
But the thing is - the house that was protected should have had a value cap on it - so if Granma ends up in a 1.3 million dollar home, she can decide whether to sell it and avoid paying taxes on it, or else live in it and pay taxes at its enhanced value above a certain threshold (Like give Granma the ability to have the first 400,000 of its value protected by Proposition 13.)
Also we need to end the ability of a corporation to have Prop 13 propping up its holdings - that is really nonsense.
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