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by fweespeech
3774 days ago
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CA's property values are tied to the heavy market subsidies, one of which is low property tax and the political guarantee it will remain low. I understand many people would be screwed by higher property taxes but ultimately, the revenue had to be made up somewhere and its made up largely in the form of income taxes. However, I think Prop 13's distortion effects are far worse than the alternative. |
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