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by compiler-guy 2360 days ago
The corporate protections are unintended consequences of the original proposition. They really weren't on people's radar. (This is why California residents should almost always vote against propositions, even if the idea and goals are good: Fixing the unintended consequences is extremely difficult. It would be better to find other ways to implement the idea.

But getting anyone to fix proposition 13--even in this very limited instance of not protecting corporations anymore--brings out all the apocalyptic messaging (from basically everyone, but especially the corporations) that the old folks who bought in 1970 and have lived their whole lives there will be out on the street when their property taxes go up 10x.

There is no nuance in these messaging battles. And quite frankly, what property owner wants to take any kind of risk with this?

1 comments

If they went up 10x that means they are out on the street with north of 500k in their pocket. Should be plenty to pay rent at the senior center for the next dozen or two years.