Reply #71: Prop 13 would have been a good idea if it had [View All]

[truedelphi]

Been limited.

Yep, it <was> sad to think of Great Auntie Em losing her home when the property values soared from 70K dollars to 200K dollars almost overnight (Late seventies early eighties, R.E. boom)

But it should have been capped at say 350 K or so. At that point, if you couldn't afford the taxes then you sure as hell were still gonna be okay.



And the corporate interests should never ever have been included.

I forget the name of the researcher from UC Berkeley but he says basically what you and I are saying - that this tax repeal for a certain group was nothing more than a subsidized (and very expensive form of) welfare for a certain group